scholarly journals PREDICTORS OF INDUSTRY 4.0 TECHNOLOGIES AFFECTING LOGISTIC ENTERPRISES’ PERFORMANCE: INTERNATIONAL PERSPECTIVE FROM ECONOMIC LENS

2020 ◽  
Vol 26 (6) ◽  
pp. 1263-1283
Author(s):  
Beata Ślusarczyk ◽  
Manuela Tvaronavičienė ◽  
Adnan Ul Haque ◽  
Judit Oláh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
International Perspective ◽  
Sampling Strategies ◽  
Implementation Barriers ◽  
Fourth Industrial Revolution ◽  
And Performance ◽  
National Economies ◽  
The Impact ◽  
The Relationship

This study examines the influence of the fourth industrial revolution on global and national economies by considering the case of Hungary, Canada and Poland. The research compares local logistic business to gain insight about the implementation of Industry 4.0 practices through exploring existing limited knowledge, preparing staff for challenges, implementation barriers, recognizing potentials and implications of Industry 4.0. Using mixed sampling strategies, we gathered data from 180 logistic enterprises (60 each in considered economies) and established the multi-predictors to investigate the relationship between Industry 4.0 technologies and performance of enterprises. Results revealed that all considered predictors are statistically significant in affecting the impact of Industry 4.0 technologies on the performance of enterprises in all three economies. However, the magnitude of impact differs to some extent. The authors propose recommendations for implications of Industry 4.0 technologies.

The Impact of Cryptocurrencies on the General Powers and Duties of South African Insolvency Practitioners

2021 ◽  
Vol 33 (2) ◽  
pp. 289-318
Author(s):  
Sidasha Singh ◽  
Juanitta Calitz
Keyword(s):  
South African ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Insolvency Law ◽  
International Courts ◽  
Fourth Industrial Revolution ◽  
Legal Position ◽  
The Subject ◽  
Regulatory Model ◽  
The Impact

Within the context of the fourth industrial revolution, cryptocurrencies pose several challenges in the framework of corporate insolvency law. In South African law, no statutory framework vis-à-vis cryptocurrencies, such as Bitcoin, currently exists. This has however not prevented entities from engaging in the cryptocurrency market. The specific dilemma is that insolvency practitioners do not have legislative guidelines to assist them in dealing with the subject of cryptocurrencies. Consequently, international judicial developments must be consulted and analysed with the aim to close the gap between the legislature and Industry 4.0. This article unpacks the South African legal position on cryptocurrencies within the context of the statutory powers and duties of insolvency practitioners. It engages in an analysis of selected international courts cases that have dealt with the concept of cryptocurrencies within the context of insolvent estates and continues to make recommendations for the development of an efficient and effective regulatory model.

A Model for Success in Agribusiness in the Portuguese Context

2021 ◽  
pp. 355-371
Author(s):  
Carla Sofia Vicente Negrão
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Holistic Approach ◽  
Theoretical Framework ◽  
Technological Advance ◽  
Three Dimensions ◽  
Business Success ◽  
Explanatory Variables ◽  
And Performance ◽  
The Impact

In an increasingly digital environment that results in the technological advance of the fourth Industrial Revolution, it becomes interesting to understand the agribusiness success in a digital economy. The purpose of this chapter is to develop a theoretical framework for agribusiness success in Industry 4.0, so that future empirical research could be carried out. The research uses a literature review based on business success. First, it is essential to explore business success and then its determinants. Based on a holistic approach, a new conceptual model for agribusiness success is developed in three dimensions: growth, productivity, and performance, whether enterprises use e-business or not. The researcher suggests the impact of e-commerce, internationalization, strategic alignment, and managers characteristics as explanatory variables of the agribusiness success. The theoretical framework provides a different way forward for both managers and business advisors about what are the agribusiness success and those factors that may explain it.

scholarly journals Transformation of the world job market in the conditions of the Fourth Industrial Revolution

2021 ◽  
pp. 8-28
Author(s):  
Elena Viktorovna Shirinkina
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Job Market ◽  
Scientific Publications ◽  
Job Management ◽  
Business News ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The relevance of this research is substantiated by the fact that the world job market is currently under the influence of the Fourth Industrial Revolution (Industry 4.0). The goal lies in assessing the impact of cyclic and unexpected trends upon the job market, and thus, the forms of job management and employment functions. In this regard, analysis is conducted on the academic theories in the context of conceptualization of the impact of Industry 4.0 upon the job market and employment functions. The long-term trends in transformation of the job market are determined. The empirical basis of this research is comprised of the statistical data provided by Rosstat and the Ministry of Science and Higher Education of the Russian Federation, as well as the resources of analytical articles and scientific publications, including the materials of international organizations, leading consulting companies, global associations, leading educational institutions, other active participants of global educational environment, and job market experts. An overview is given to the trends that affect the companies, their strategies and business models; the impact of such trends upon the transformation of current professions and the emergence of new professions; skills required for these professions. The scientific novelty lies in substantiation of the concept of skill-biased technical change (SBTC) and the theory of routine-biased technological change (RBTC). The presented materials would allow the companies to combine business news with fundamental training of specialists for going along the new career trajectiory in light of the new technological challenges, which defines the practical value of this research.

scholarly journals THE FOURTH INDUSTRIAL REVOLUTION AND EMPLOYMENT MODIFICATION IN UKRAINE

2020 ◽  
pp. 13-18
Author(s):  
Emiliia Prushkivska ◽  
Artem Tkachuk
Keyword(s):  
Labour Market ◽  
National Economy ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Youth Unemployment ◽  
Comparison Method ◽  
State Funding ◽  
Fourth Industrial Revolution ◽  
The Impact ◽  
Industrial Revolutions

Purpose. The aim of the article is to assess the impact of Industry 4.0 on employment in Ukraine and the world. The following tasks are set to achieve this goal: to analyse the historical impact of industrial revolutions on employment, including the characteristics of changes in its structure, as well as professional composition; highlight how the fourth industrial revolution differs from the previous three; consider the structure of available vacancies in Ukraine and assess how the national labour market is subject to automation. Methodology of research. This article uses the historical and logical unity method to analyse the impact of industrial revolutions on employment, as well as a comparison method to highlight the distinguishing features of Industry 4.0. A graphical method is applied to assess the sectorial structure of vacancies prone to automation in Ukraine. Findings. Industry 4.0 has been found to have common and distinctive features of the impact on employment with the previous three industrial revolutions. The structure of employment at different historical stages is analysed. It was found out that its structure is actively changing now; new professions and whole branches of application of human labour are appearing. The structure of the labour market in Ukraine is considered. It has been proved that Industry 4.0 can exacerbate inequalities between different sections of the population and lead to the disappearance of a large number of occupations, which today employ half of the workforce of national economies. Originality. An analytical approach to the definition of professions that are most prone to automation in the context of the fourth industrial revolution in the Ukrainian labour market has received further development. This approach simultaneously takes into account modern foreign practices and the national statistical base. Practical value. The obtained results in the course of the study can be used in the development of state programs to support employment in the national economy. Since people will require retraining and additional training due to the special propensity of their professions to automation and computerization. In addition, the obtained data can be used to determine the priority areas of state funding for educational institutions, which in the future will reduce youth unemployment. Key words: employment, the fourth industrial revolution, Industry 4.0, national economy, influence, industry structure, automation, computerization.

The Impact of Unified Communication and Collaboration Technologies on Productivity and Innovation

2020 ◽  
pp. 44-73
Author(s):  
Anthony Bolton ◽  
Leilani Goosen ◽  
Elmarie Kritzinger
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Cyber Physical Systems ◽  
Future Research ◽  
Research Directions ◽  
Fourth Industrial Revolution ◽  
Emerging Trends ◽  
Future Research Directions ◽  
The Impact ◽  
Collaboration Technologies

Against the background of promoting inclusive growth in the context of the Fourth Industrial Revolution (4IR), the purpose of this chapter is to introduce Industry 4.0 in terms of the impact of Unified Communication and Collaboration (UC&C) technologies on productivity and innovation within a global automotive enterprise. To provide readers with a further overview of, and summarize, the content of the chapter, issues, controversies, problems, and challenges related to Industry 4.0 adoption, including, for example, Cyber-Physical Systems (CPS), are discussed. Solutions and recommendations for dealing with the issues, controversies, and/or problems are presented, and the chapter will also discuss future research directions and emerging trends, together with providing insight about the future of the book's theme from the perspective of the chapter focus on the impact of UC&C technologies on productivity and innovation. The last section will provide discussion of the overall coverage of the chapter and concluding remarks.

scholarly journals THE IMPACT OF THE DETERMINANTS OF FOURTH INDUSTRIAL REVOLUTION ON COMPETITIVE ADVANTAGE AND SUSTAINABILITY – A STUDY FOR MALAYSIAN SMES

2020 ◽  
Vol 6 (3) ◽  
pp. 283-289
Author(s):  
Dr Sreenivasan Jayashree ◽  
Chinasamy Agamudainambi Malarvizhi ◽  
Mohammad Nurul Hassan Reza
Keyword(s):  
Competitive Advantage ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Technical Innovation ◽  
Economic Factors ◽  
Time Data ◽  
Inherent Difficulty ◽  
Fourth Industrial Revolution ◽  
Smart Technologies ◽  
The Impact

Small and medium-sized enterprises (SMEs) constitute one of the leading economic factors with strong consumer and stakeholder aspirations. The Fourth Industrial Revolution may also be defined as Industry 4.0, because it has evolved through automation and technical innovation that can transform products and manufacturing processes by real-time data integration, allowing consumers to be satisfied through customized products. It is important to examine the uniqueness of Industry 4.0 and the inherent difficulty in understanding the determinants, as most recent studies address the technological dimension of the concept. This study addresses the effect of the core determinants of Industry 4.0 in achieving sustainability as well as competitive advantage. The findings will serve to offer valuable insights for the SMEs to adopt smart technologies in the production system concerning Industry 4.0. This paper presents a conceptual model including hypotheses that can be tested further through a quantitative analysis.

scholarly journals A RANKING OF COUNTRIES CONCERNING PROGRESS TOWARDS A SOCIETY 5.0

2021 ◽  
Vol 11 (4) ◽  
pp. 188-199
Author(s):  
Arnoldo José De Hoyos Guevara ◽  
Daniela Mary Terra ◽  
Jerônimo Henrique Portes ◽  
José Luiz Alves da Silva ◽  
Kallita Ester Magalhães
Keyword(s):  
Latin America ◽  
Industrial Revolution ◽  
Business Sustainability ◽  
Fourth Industrial Revolution ◽  
Synthetic Indicator ◽  
Agile Process ◽  
Key Indicators ◽  
Education And Society ◽  
The Impact ◽  
The Relationship

The Fourth Industrial Revolution has arrived, and we are trying to adapt to the innovations. It is changing the way we interact in society, how we consume, live and work. But this agile process already presents a new stage that takes place in conjunction with the new digital age, involving people, technology, sustainability, risks and opportunities: it is the 5.0 Society. This article seeks to understand the impact of ongoing changes and the needs around sustainability, analyzing key indicators that include both movements. With this, we hope to obtain data on the possibility of building the new Sustainable Technology Society, besides investigating the next steps to make this happen in Latin America. In this study, 35 variables were analyzed a sample of 57 countries, including management, business, sustainability, technology, education and Society 5.0 dimensions, among others. We present an analysis of the relationship between the variables and the creation of a synthetic indicator, called S5I (Society 5.0 Index), which allows us to show the position of each country in this ranking. This is the discussion we present here. 

scholarly journals Assessment of the Degree of Implementation of Industry 4.0 Technologies: Case Study of Murcia Region in Southeast Spain

2021 ◽  
Vol 32 (5) ◽  
pp. 422-432
Author(s):  
Antonio Guerrero González ◽  
Daniel Robles Quiñonero ◽  
Samuel Fraile Vega
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Additional Data ◽  
Face To Face ◽  
Fourth Industrial Revolution ◽  
Current State ◽  
Current Context ◽  
The Relationship ◽  
And Training

This work analyzes how the so-called Industry 4.0 technologies are being implemented in companies in the Region of Murcia, in Southeastern Spain. The objective was to determine through questionnaires and face-to-face interviews the current state of 4.0 technologies in Murcia, including additional data of the companies, such as age, number of employees and turnover. Most types of companies in the Region were represented in terms of size, age, turnover, profits and profitability. This study analyzes the relationship between the degree of implementation of 4.0 technologies, investment and training of workers, with companies’ seniority, number of employees, turnover, profits and profitability. The results obtained are significantly higher in companies with higher turnover, profits and profitability, which in turn, have the best levels of investment and training of their workers in 4.0 technologies. The opinions of the companies determined the factors that drove the companies to implement these technologies, the factors perceived as barriers, the opportunities in the current context that encourage the adoption of technologies, as well as the threats that may jeopardize their progress in digital transformation. The conclusions obtained can be taken into account in regional policies that implement appropriate actions to help drive the fourth industrial revolution in the region.

scholarly journals The Characteristics of the Fourth Industrial Revolution: Buzzword, Hype or a Radical Change?

E-conom ◽  
2020 ◽  
Vol 9 (1) ◽  
pp. 91-104
Author(s):  
László Koloszár ◽  
Nikoletta Németh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
German Economy ◽  
Radical Change ◽  
System Level ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
World Economic ◽  
The Impact ◽  
Industrial Revolutions

The usage of the terms the ’Fourth Industrial Revolution’ and its predominantly used synonym ‘Industry 4.0’ has curved upwards at a higher rate than the number of underlying interconnected production units. The concept of Industry 4.0 originates from a project on the high-tech strategy of the German government in 2011. This project promoted the computerization of manufacturing and it was a logical suggestion for the long-term competitiveness of the German economy. The fundamentals of an export-oriented economy need system-level development not to be disadvantaged in the global competition. Building all this on the most modern technologies can be defined as a traditional step. The umbrella term ’Industry 4.0’ has outgrown this step and in 2016 it became an independent agenda item of the World Economic Forum. In this study, with the help of a literature review, we examine which factors of this so-called fourth industrial revolution are similar and which factors are different compared to the previous industrial revolutions. Can the characteristics of industrial revolutions be identified? Is the impact complex and does it influence not only the technology but also the society, the politics, etc.? Whether the use of the term is substantiated or is it only an advanced, fashionable buzzer hanging all today’s forward-looking innovations on the same peg?

scholarly journals Digitalization of Industry and Education

2021 ◽  
Vol 346 ◽  
pp. 03050
Author(s):  
Mariya Ostapenko ◽  
Vladlena Nazarova
Keyword(s):  
Artificial Intelligence ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Cyber Physical Systems ◽  
Physical Systems ◽  
Fourth Industrial Revolution ◽  
Industry And Education ◽  
The Impact ◽  
Plm System

The fourth industrial revolution, associated with the introduction of robotics, cyber-physical systems, artificial intelligence, neural networks, affects all spheres of human life. There is a need for specialists with the appropriate skills. The article discusses the elements of Industry 4.0: Internet of Things, robotization, PLM system. The impact of digitalization on the educational sector is also considered.

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