Predictors of Industry 4.0 technologies affecting logistic enterprises’ performance: international perspective from economic lens
Abstract
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.
First published online 22 September 2020
Keyword : Industry 4.0, national and global economies, economic perspective, logistics enterprises’ performance
How to Cite
Ślusarczyk, B., Tvaronavičienė, M., Ul Haque, A., & Oláh, J. (2020). Predictors of Industry 4.0 technologies affecting logistic enterprises’ performance: international perspective from economic lens. Technological and Economic Development of Economy, 26(6), 1263-1283. https://doi.org/10.3846/tede.2020.13376
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
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de la Hoz-Rosales, B., Camacho, J., & Tamayo, I. (2019). Effects of innovative entrepreneurship and the information society on social progress: an international analysis. Entrepreneurship and Sustainability Issues, 7(2), 782−813. http://doi.org/10.9770/jesi.2019.7.2(1)
de Sousa Jabbour, A. B. L., Jabbour, C. J. C., Foropon, C., & Godinho Filho, M. (2018). When titans meet–Can industry 4.0 revolutionise the environmentally-sustainable manufacturing wave? The role of critical success factors. Technological Forecasting and Social Change, 132, 18−25. https://doi.org/10.1016/j.techfore.2018.01.017
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Girdzijauskaite, E., Radzeviciene, A., & Jakubavicius, A. (2019). Impact of international branch campus KPIs on the university competitiveness: FARE method. Insights into Regional Development, 1(2), 171−180. https://doi.org/10.9770/ird.2019.1.2(7)
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Haque, A. U., Nair, S. L. S., & Kucukaltan, B. (2019). Management and administrative insight for the universities: high stress, low satisfaction and no commitment. Polish Journal of Management Studies, 20, 236−255.
Haque, A. U., & Oino, I. (2019). Managerial challenges for software house related to work, worker and workplace: stress reduction and sustenance of human capital. Polish Journal of Management Studies, 19(1), 170−189. https://doi.org/10.17512/pjms.2019.19.1.13
Haque, A. U., Aston, J., & Kozlovski, E. (2018). The impact of Stressors on organizational commitment of managerial and non-managerial personnel in contrasting economies: Evidences from Canada and Pakistan. International Journal of Business, 23(2), 166−182.
Hariharasudan, A., & Kot, S. (2018). A scoping review on Digital English and Education 4.0 for Industry 4.0. Social Sciences, 7(11), 227. https://doi.org/10.3390/socsci7110227
Haseeb, M., Hussain, H. I., Ślusarczyk, B., & Jermsittiparsert, K. (2019). Industry 4.0: A solution towards technology challenges of sustainable business performance. Social Sciences, 8(5), 154. https://doi.org/10.3390/socsci8050154
Hashemkhani Zolfani, S., Zavadskas, E. K., & Turskis, Z. (2013). Design of products with both International and Local perspectives based on Yin-Yang balance theory and SWARA method. Economic Research-Ekonomska Istraživanja, 26(2), 153–166. http://doi.org/10.1080/1331677X.2013.11517613
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Imran, M., Hameed, W., & Haque, A. U. (2018). Influence of industry 4.0 on the production and service sectors in Pakistan: Evidence from textile and logistics industries. Social Sciences, 7(12), 246. https://doi.org/10.3390/socsci7120246
Kagermann, H. (2015). Change through digitization−Value creation in the age of Industry 4.0. In Management of permanent change (pp. 23–45). Springer Gabler. https://doi.org/10.1007/978-3-658-05014-6_2
Karacay, G., & Aydin, B. (2018). Internet of things and new value proposition. In A. Ustundag and E. Cevikcan (Eds.), Industry 4.0: managing the digital transformation (pp. 173–185). Springer. https://doi.org/10.1007/978-3-319-57870-5_10
Lasi, H., Fettke, P., Kemper, H. G., Feld, T., & Hoffmann, M. (2014). Industry 4.0. Business & Information Systems Engineering, 6(4), 239–242. https://doi.org/10.1007/s12599-014-0334-4
Laužikas, M., & Miliūtė, A. (2020). Human resource management effects on sustainability of high-tech companies: What Lithuania and South Korea can learn from each other. Insights into Regional Development, 2(2), 562–579. https://doi.org/10.9770/IRD.2020.2.2(5)
LeBlanc, D. C. (2004). Statistics: concepts and applications for science (Vol. 2). Jones and Bartlett Publisher.
Li, G., Hou, Y., & Wu, A. (2017). Fourth Industrial Revolution: technological drivers, impacts and coping methods. Chinese Geographical Science, 27(4), 626−637. https://doi.org/10.1007/s11769-017-0890-x
Lu, Y. (2017). Industry 4.0: A survey on technologies, applications and open research issues. Journal of Industrial Information Integration, 6, 1−10. https://doi.org/10.1016/j.jii.2017.04.005
Magruk, A. (2016). Uncertainty in the sphere of the industry 4.0–potential areas to research. Business, Management and Education, 14(2), 275−291. https://doi.org/10.3846/bme.2016.332
Maresova, P., Soukal, I., Svobodova, L., Hedvicakova, M., Javanmardi, E., Selamat, A., & Krejcar, O. (2018). Consequences of industry 4.0 in business and economics. Economies, 6(3), 46. https://doi.org/10.3390/economies6030046
Mohelska, H., & Sokolova, M. (2018). Management approaches for Industry 4.0–the organizational culture perspective. Technological and Economic Development of Economy, 24(6), 2225−2240. https://doi.org/10.3846/tede.2018.6397
Müller, J. M., Buliga, O., & Voigt, K. I. (2018). Fortune favors the prepared: How SMEs approach business model innovations in Industry 4.0. Technological Forecasting and Social Change, 132, 2−17. https://doi.org/10.1016/j.techfore.2017.12.019
Nagy, J., Oláh, J., Erdei, E., Máté, D., & Popp, J. (2018). The role and impact of industry 4.0 and the internet of things on the business strategy of the value chain – The case of Hungary. Sustainability, 10(10), 3491. https://doi.org/10.3390/su10103491
Öztürk, D. (2017). Technological transformation of manufacturing by smart factory vision: industry 4.0. International Journal of Development Research, 7(11), 17371−17382.
Paprocki, W. (2016). Koncepcja Przemysł 4.0 i jej zastosowanie w warunkach gospodarki cyfrowej. In J. Gajewski, W. Paprocki, J., & Pieregud (Eds.), Cyfryzacja gospodarki i społeczeństwa. Szanse i wyzwania dla sektorów infrastrukturalnych (pp. 39−57) Europejski Kongres Finansowy.
Pereira, A. C., & Romero, F. (2017). A review of the meanings and the implications of the Industry 4.0 concept. Procedia Manufacturing, 13, 1206−1214. https://doi.org/10.1016/j.promfg.2017.09.032
Petrillo, A., Felice, F. D., Cioffi, R., & Zomparelli, F. (2018). Fourth industrial revolution: Current practices, challenges, and opportunities. In A. Petrillo, R. Cioffi, & F. De Felice (Eds.), Digital transformation in smart manufacturing (pp. 1−20). https://doi.org/10.5772/intechopen.72304
Plėta, T., Tvaronavičienė, M., & Della Casa, S. (2020). Cyber effect and security management aspects in critical energy infrastructures. Insights into Regional Development, 2(2), 538−548. https://doi.org/10.9770/IRD.2020.2.2(3)
Prause, G., & Atari, S. (2017). On sustainable production networks for Industry 4.0. Entrepreneurship and Sustainability Issues, 4(4), 421−431. https://doi.org/10.9770/jesi.2017.4.4(2)
Rao, S. K., & Prasad, R. (2018). Impact of 5G technologies on smart city implementation. Wireless Personal Communications, 100(1), 161−176. https://doi.org/10.1007/s11277-018-5618-4
Roblek, V., Meško, M., & Krapež, A. (2016). A complex view of industry 4.0. Sage Open, 6(2), 2158244016653987. https://doi.org/10.1177/2158244016653987
Rodič, B. (2017). Industry 4.0 and the new simulation modelling paradigm. Organizacija, 50(3), 193−207. https://doi.org/10.1515/orga-2017-0017
Rüssmann, M., Lorenz, M., Gerbert, P., Waldner, M., Justus, J., Engel, P., & Harnisch, M. (2015). Industry 4.0: The future of productivity and growth in manufacturing industries. Boston Consulting Group, 9(1), 54−89.
Saniee, I., Kamat, S., Prakash, S., & Weldon, M. (2017). Will productivity growth return in the new digital era. Bell Labs Technical Journal, 22, 1−18. https://doi.org/10.15325/BLTJ.2017.2714819
Schmidt, R., Möhring, M., Härting, R. C., Reichstein, C., Neumaier, P., & Jozinović, P. (2015, June). Industry 4.0-potentials for creating smart products: empirical research results. In International Conference on Business Information Systems (pp. 16−27). Springer. https://doi.org/10.1007/978-3-319-19027-3_2
Schwab, K. (2017). The fourth industrial revolution. Crown Business.
Shpak, N., Odrekhivskyi, M., Doroshkevych, K., & Sroka, W. (2019). Simulation of innovative systems under Industry 4.0 conditions. Social Sciences, 8(7), 202. https://doi.org/10.3390/socsci8070202
Ślusarczyk, B., & Haque, A. U. (2019). Public services for business environment: challenges for implementing Industry 4.0 in Polish and Canadian logistic enterprises. Administration & Public Management Review, (33), 57−76. https://doi.org/10.24818/amp/2019.33-04
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