Influence of Industry 4.0 on Asia

2022 ◽  
pp. 122-139
Author(s):  
Xuan Tran
Keyword(s):  
Cultural Differences ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Achievement Motive ◽  
Affiliation Motive ◽  
The World ◽  
Power Motive ◽  
Per Capita ◽  
The Impact ◽  
Structure Equation Modelling

As the challenge of big data impacts how we understand cultural differences, a motive-integrated model of culture is becoming an effective strategy to study current culture divergence by the fourth industrial revolution called “Industry 4.0.” This study examines the impact of Industry 4.0 with COVID-19 vaccines on motives and cultures of the world and Asia in the post-COVID-19 era. Structure equation modelling has been conducted on the data in 38 countries during the period of 2006-2021. Findings indicate that Industry 4.0 has enhanced the achievement motive in the reactive culture and the power motive in the multi-linear culture, but it has decreased the affiliation motive in the linear active culture. In addition, Industry 4.0 has enhanced the gross domestic product per capita (GDP) in the linear active and reactive cultures, but it has decreased the GDP in the multi-linear cultures. Finally, Industry 4.0 has made the power and affiliation motives in Asia decrease, but it has increased the achievement motive in Asia.

Influence of Industry 4.0 on Motives and Cultures in the Post-COVID-19 Era

2022 ◽  
pp. 301-318
Author(s):  
Xuan Tran
Keyword(s):  
Big Data ◽  
Cultural Differences ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Integrated Model ◽  
Effective Strategy ◽  
Fourth Industrial Revolution ◽  
Affiliation Motive ◽  
Power Motive ◽  
Structure Equation Modelling

As the challenge of big data impacts how we understand cultural differences, a motive-integrated model of culture is becoming an effective strategy to search for convergence by the fourth industrial revolution called Industry 4.0. This study examines the integration approach of Industry 4.0 in merging motives and cultures to efficiently produce COVID-19 vaccines. Structure equation modelling has been conducted on the data in 38 countries during the period of 2006-2021. Findings indicate that Industry 4.0 has merged achievement motive in reactive culture, power motive in multi-linear active culture, and affiliation motive in linear active culture. The three pairs of motive-cultures have enabled people to successfully produce COVID-19 vaccines 10 times faster than previous approaches for vaccines. To implement Industry 4.0, the reactive countries and multilinear active countries would enhance the achievement and power motives, but the linear active countries would decrease the affiliation motive.

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 Influence of industry 4.0 on the investment activities of transnational corporations

2020 ◽  
Vol 23 (10) ◽  
pp. 68-77
Author(s):  
Natalya Chernenko ◽  
Olena Korohodova ◽  
Tetiana Moiseienko ◽  
Yaroslava Hlushchenko
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Transnational Corporations ◽  
Business Practices ◽  
Investment Activity ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The study considers the issue of investment activity of transnational corporations – the largest representatives of world business, which acquire new features that are developed under the influence of the fourth industrial revolution. The study highlighted the increasing role of corporations in the international investment market. The authors mention the features of rhetoric that accompanies the penetration of TNCs into the economic systems of the world and reflects the impact on economic, political, and social components, highlighting the rules of foreign direct investment state regulation, founding the most liberal approaches to attracting FDI. Tracking the changes taking place under the influence of Industry 4.0 allowed to develop a list of features that are inherent in the investment activities of TNCs. Among the inherent features, the reshoring process, which has been used by United States corporations for a long time, is gaining popularity. The study reflects the course of export-import operations with foreign direct investment in the world, which is developed by analysing the data on the flow of FDI imports and exports. It is established that Industry 4.0 is described by such risks, which are developed due to the growth of instability and a high level of uncertainty of the result. Attempts to integrate achievements of the fourth industrial revolution into economic and business practices, which are rapidly taking place in the modern world, are directly related to Ukraine, which is in great need of international financial and technological aid. It is emphasised that TNCs can provide the country with the said resources as the leading investors for Ukraine, despite the fact that in Ukraine the amount of foreign investment from TNCs is currently insignificant and mainly aimed at meeting the needs of the domestic market, own consumption and not in export-oriented industries. The study also analyses the factors of direct influence on the decision of corporate management to conduct business in Ukraine. Furthermore, the study emphasised the necessity of developing and implementing effective state regulatory mechanisms that can balance the interests of leading corporations and national enterprises

HR factors for the successful implementation of Industry 4.0: A systematic literature review

2021 ◽  
Vol 47 (2) ◽  
pp. 73-85
Author(s):  
Anju Verma ◽  
Murugesan Venkatesan
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Industry 4.0 ◽  
Success Factors ◽  
Industrial Revolution ◽  
Vital Role ◽  
Successful Implementation ◽  
The World ◽  
Potential Factors ◽  
The Impact

As the world moves deeper into the fourth industrial revolution, organizations around the world are polarizing towards the transformation and adoption of the advanced technologies of Industry 4.0. However, recent studies suggest that organizations struggle and face several managerial challenges in their implementation. As a consequence, many studies examined the potential factors that can influence Industry 4.0 implementation. Based on a systematic literature review, this study has tried to explore, examine, and synthesize the potential human resource (HR) success factors and develop an efficient Industry 4.0 HR framework that can play a vital role in Industry 4.0 implementation. This study would also build a solid foundation for practitioners, academicians, and researchers to get a better understanding of the impact of Industry 4.0 on HR management.

scholarly journals Research of the development of international logistics systems in Ukraine and the world in terms of Industry 4.0

2020 ◽  
pp. 14-21
Author(s):  
Serhii Voitko ◽  
Anastasiia Maksymchuk
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Synthesis Method ◽  
Economic Benefits ◽  
Logistics Systems ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Current Impact ◽  
The Impact

Purpose. The aim of the article is to identify the current impact of Industry 4.0 on international logistics systems and the readiness of logistics companies to implement the principles of Industry 4.0, as well as identify some specific measures that will help companies to reach a higher stage of maturity and to reap the maximum economic benefits from Industry 4.0 and digitalization. Methodology of research. The following methods are used to achieve this goal: abstract and logical – in the study of the essence of categories and concepts in the field of Industry 4.0 and Logistics 4.0; comparative-economic, analytical and synthesis method - while considering the processes of international logistics and Industry 4.0 and the impact of the last one on the development of international logistics systems; methods of statistical qualitative and quantitative comparison, tabular and graphical methods and the method of generalization - to process an array of statistical and empirical data and formulate the relevant conclusions of the study. Findings. The need for adaptation and improvement of international logistics systems due to the introduction of the principles and advantages of Industry 4.0 and Logistics 4.0 has been identified. The necessity of further analysis of the state of development of international logistics systems in the conditions of formation of the newest mechanisms of realization of logistic activity is established. The classification of the newest levels of logistics providers which already directly arise and will arise in the conditions of Industry 4.0 is offered. It is proved that logistics companies of different types are still developing in parallel in the context of globalization and the impact of Industry 4.0 and Logistics 4.0 on international logistics systems. The expediency of introducing the principles and advantages of the Fourth Industrial Revolution into the activities of large world companies and the inevitability of the impact of Industry 4.0 on international logistics processes in the world are substantiated. Originality. The substantiation of the possibilities of improving the international logistics systems on the basis of Industry 4.0 and Logistics 4.0 due to the formation of new levels of logistics operators was further developed. The practical value. The obtained results of the study can be used to improve international logistics systems, in particular the logistics systems of the large corporations, by forming in the conditions of Industry 4.0 a new and more advanced levels of logistics providers. Key words: Fourth industrial revolution, logistics, the Internet of Things, «Industry 4.0», international logistics systems.

scholarly journals Effects of Industry 4.0 on the Labor Markets of Iran and Japan

Economies ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 39 ◽  
Author(s):  
Majid Ziaei Nafchi ◽  
Hana Mohelská
Keyword(s):  
Labor Markets ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Developed Countries ◽  
Cyber Physical Systems ◽  
Physical Systems ◽  
Science Technology ◽  
Levels Of Automation ◽  
Technology And Economy ◽  
The Impact

Industry 4.0 is the essence of the fourth Industrial revolution and is happening right now in manufacturing by using cyber-physical systems (CPS) to reach high levels of automation. Industry 4.0 is especially beneficial in highly developed countries in terms of competitive advantage, but causes unemployment because of high levels of automation. The aim of this paper is to find out if the impact of adopting Industry 4.0 on the labor markets of Iran and Japan would be the same, and to make analysis to find out whether this change is possible for Iran and Japan with their current infrastructures, economy, and policies. With the present situation of Iran in science, technology, and economy, it will be years before Iran could, or better say should, implement Industry 4.0. Japan is able to adopt Industry 4.0 much earlier than Iran and with less challenges ahead; this does not mean that the Japanese labor market would not be affected by this change but it means that those effects would not cause as many difficulties as they would for Iran.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

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.

Sign in / Sign up

Export Citation Format

Share Document