Business Sustainability and Growth in Journey of Industry 4.0-A Case Study

Patra, Gouranga; Roy, Raj Kumar

doi:10.1007/978-3-031-20443-2_2

Cited by 20 publications

(5 citation statements)

References 54 publications

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“…Since its inception, UAE oil revenues have contributed to trade openness and fueled the national economy. This era was associated with high CO 2 emissions which led governments and policy makers to maintain a balance between this economic boom and the environmental pollution (Hamdan and Hamdan, 2020; Khamis et al , 2018; Patra and Roy, 2023).…”

Section: Research Design Methodology and Empirical Analysismentioning

confidence: 99%

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Carbon dioxide emissions and the economic growth: competitiveness and economic development view

Hamdan

2023

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Purpose This study aims to shed light on the experience of the United Arab Emirates (UAE) in balancing three main pillars: the environmental criteria, the reduction of CO2 emissions and the economic growth. Based on the environmental Kuznets curve (EKC) framework, it will assess the causal relationship between economic indicators such as gross domestic product (GDP) per capita, trade openness and energy use and environmental indicators such as CO2 emissions. Design/methodology/approach The analysis relies on a period of 40 years (1981–2020) where data is extracted from the World Bank database. This study uses the unit root test for time series stationarity, the optimal lag length test, the “Johansen” test for co-integration and the vector error correction model. Findings The paper concludes to two major findings. On a short-term basis, CO2 emissions and economic indicators are negatively correlated, whereas on a long-term basis, there is no association between CO2 emissions and economic indicators in the UAE. Research limitations/implications The research ends with important recommendations. It illustrates the importance of rationalizing the use of primary resources and the necessity to embrace successful and efficient policies in the energy production. Practical implications More specifically, UAE is urged to address the problem of CO2 emissions in the electricity sector and increase awareness of the use of environmentally friendly processes in the transport and industrial sectors. While setting their economic agendas, UAE are encouraged to meet environmental criteria and invest in renewable energy projects such as “Shams 1”, the largest solar power plant outside of Spain and the USA. Originality/value The current study is significant in its research on the environmental impact of economic development, trade openness and energy use policies in the UAE. It uses CO2 emissions as an environmental proxy and evaluates the environmental policies adopted in the UAE to reduce its impact.

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Section: Research Design Methodology and Empirical Analysismentioning

confidence: 99%

“…was associated with high CO 2 emissions which led governments and policy makers to maintain a balance between this economic boom and the environmental pollution (Hamdan and Hamdan, 2020;Khamis et al, 2018;Patra and Roy, 2023).…”

Section: Carbon Dioxide Emissionsmentioning

confidence: 99%

Carbon dioxide emissions and the economic growth: competitiveness and economic development view

Hamdan

2023

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“…Managing this complexity is crucial for FMCG companies to ensure efficiency in the supply chain, minimize costs, optimize inventory and meet customer demands promptly. By harnessing the power of I4.0 technologies, FMCG companies can optimize their supply chains and logistics, enhance customer experiences, reduce costs, improve sustainability practices and ensure compliance with regulations [62]. Embracing these advanced technology positions can help FMCG industries to meet their challenges in the ever-evolving market landscape.…”

Section: Managerial and Policy Implicationsmentioning

confidence: 99%

Exploring the Challenges of Industry 4.0 Adoption in the FMCG Sector: Implications for Resilient Supply Chain in Emerging Economy

Shakur,

Lubaba,

Debnath

et al. 2024

Logistics

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Background: Fast-moving consumer goods (FMCG) supply chains are experiencing various challenges due to the interactions between consumers and decision-makers during physical distribution, manufacturing, wholesale and retail. One possible strategy to address these challenges for smoothing the supply chain (SC) and logistics operations is to adopt Industry 4.0 (I4.0) based technologies in the FMCG business processes. In this regard, digitalization and automation of the FMCG supply chain can be strengthened by the alluring properties of I4.0 technologies. Methods: This study identified nine significant challenges through a literature review and expert validation. Later, the challenges were evaluated using a novel multicriteria decision-making (MCDM) framework, the Bayesian best worst method (BWM). Results: The findings indicated that “requirement for substantial investment and resources”, “incompatible technological infrastructure” and “poorly structured value chain” are the most significant challenges to implementing I4.0 in the FMCG industry. Conclusions: The study is expected to significantly contribute to improving the FMCG supply chain’s resilience, sustainability, visibility, traceability and responsiveness. Additionally, the research can provide industrial practitioners valuable insights into implementing I4.0 in FMCG and similar sectors and thus promote SC sustainability and resilience in those industries.

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“…In the context of eThekwini Automobiles, the orgaisations are renowned for their innovation and commitments to excellence in the automotive industry hence the organizational change has become a recurring theme (Hess, 2022). In response to evolving market trends, regulatory requirements, and customer preferences, the organisations have initiated a series of changes, including the implementation of cutting-edge technologies, shifts in production processes, and adaptations to product offerings (Patra &Roy, 2023). .…”

Section: Introductionmentioning

confidence: 99%

“…While these changes are wellintentioned and geared towards maintaining a competitive edge, they have encountered varying degrees of resistance from employees at different levels of each organisation. Resistance to change within eThekwini Automobiles has been observed in the form of employee skepticism, reluctance to embrace new technologies, and concerns about job security and role changes (Patra &Roy, 2023;Potosky & Azan 2023). This resistance, if left unaddressed, has the potential to disrupt operations, delay the realisation of strategic objectives, and compromise oganisation's market positions.…”

Section: Introductionmentioning

confidence: 99%

Effect of transformational leadership on employee resistance to change at eThekwini automobiles

Chukwuma,

Zondo

2024

IJRBS

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Transformational leadership and employee change resistance have been studied extensively. However, no systematic attempt has been made to reframe those findings in light of leaders' inspirational drive. The sample size of 170 participants from eThekwini automobile dealership organisations indicated that employees' intention to resist change was negatively associated with their managers' transformational leadership style focused on inspirational motivation. Transformational leadership's impact on employee resistance to change at eThewkini Automobiles in KwaZulu-Natal is examined through a leader's inspirational motivation. Inspirational motivation reduced staff resistance to change at these car companies, according to the transformational leadership tool multi-leadership questionnaire (MLQ). Various branches of 6 major automobile companies in eThekwini, KwaZulu-Natal, South Africa were considered for this study. The study included 170 of 270 individuals. Both descriptive and correlational analysis were employed to test study objectives. The study found that inspirational motivation mediates the relationship between transformational leadership and employee resistance to change because transformational leadership reduces resistance, improves commitment, and embraces change. Inspirational motivation mediates transformational leadership in organisational change management, according to the study. The study suggests that management use inspiring motivation to promote change management acceptability and commitment to change and reduce employee resistance to change.

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Business Sustainability and Growth in Journey of Industry 4.0-A Case Study

Cited by 20 publications

References 54 publications

Carbon dioxide emissions and the economic growth: competitiveness and economic development view

Carbon dioxide emissions and the economic growth: competitiveness and economic development view

Exploring the Challenges of Industry 4.0 Adoption in the FMCG Sector: Implications for Resilient Supply Chain in Emerging Economy

Effect of transformational leadership on employee resistance to change at eThekwini automobiles

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