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Manufacturers face increased cost pressure and market volatility. Product life cycles are getting shorter. Production has to be faster and increasingly local. The acceleration of "time-to-market" could happen thanks to the solutions of Industry 4.0 (I4.0), with supply chains morphing into highly...
Persistent link: https://www.econbiz.de/10012438708
The definition and understanding of the Industry 4.0 concept vary widely in the literature and among practitioners. The objective of our research was to analyse the perceptions of Industry 4.0 in the Visegrad companies and the explanations for the differences thereof; and second, to compare...
Persistent link: https://www.econbiz.de/10012805644
Objective: The objective of the article is to assess the firms' digital maturity and examine how the adoption of Industry 4.0 solutions affects global value chain (GVC) relationships. Research Design & Methods: The study combined a critical literature review with quantitative empirical research....
Persistent link: https://www.econbiz.de/10014550392