Industry 4.0 and Its Suitability in Post COVID-19

Abstract

In the present era of technological advancement and rapid change, mankind faces different kinds of challenges. The product lifecycle has been shortened dramatically, and the manufacturing industry is moving from mass production to the high personalization of mass products. This era is widely known as the fourth industrial revolution or Industry 4.0 (I4.0). It seems that soon it will be inevitable for every society. The paper briefly focuses on empirical insights into the impact of I4.0 on various sectors of society. The traditional approaches to manufacturing, servicing, and public policy planning will no longer remain effective and would be transformed. I4.0 should be observed as an Opportunity 4.0 and draw attention to the industry, academia, and policymakers’ in changing scenarios. Expectations from them are also underlined. Its favorable features in the post-COVID-19 era are also discussed. This short article invites attention to foresee beyond I4.0, e.g. Industry 5.0 and more such progressions.

A Study of Industry 4.0 for Circular Economy and Sustainable Development Goals in the Environment of Vuca

“…This paradigm empowers enterprises to enhance their productivity, efficiency, and decision-making capabilities, thus serving as a potent catalyst for advancing both the Circular Economy and the attainment of the SDGs. In the context of the post-COVID-19 era, Kumar et al (2022c) have also examined the suitability of Industry 4.0. The Circular Economy presents a sustainable economic framework that seeks to decouple economic growth from resource consumption and environmental degradation.…”

The Smart Manufacturing: Imperatives and Trends

“…No less relevant is the issue of the formation of Industry 4.0, various aspects of which are developed in the works of many scientists: S.Bag (Bag, 2021), G.Büchi (Büchi, 2020), I.Castelo-Branco (Castelo-Branco, 2019), T.Čater (Čater, 2021), G.Culot (Culot, 2020), M.R.Ejaz (Ejaz, 2023), M.Ghobakhloo (Ghobakhloo, 2019), A.Gorkhali (Gorkhali, 2022), S.Kumar (Kumar, 2022), A.Kusiak (Kusiak, 2018), J.Łabȩdzka (Łabȩdzka, 2021), H.Lasi (Lasi, 2014), Y.Lu (Lu, 2017), M.Mariani (Mariani, 2019), S.Mittal (Mittal, 2019), J.M.Müller (Müller, 2018), A.Rojko (Rojko, 2017), M.Sarbu (Sarbu, 2022), A.Stocker (Stocker, 2021), F.E.Touriki (Touriki, 2021), L.D.Xu (Xu, 2020), P.Zheng (Zheng, 2018) and many others.…”

Management and Production Engineering Review

“…Augmented Re-ality can present visual management results directly in areas of work while, the Internet of Things can connect machines with IT systems and Big Data process large data sets to support decision making. Since the level of an enterprise's development may be an obstacle in the integration of visual management with new Industry 4.0 technologies most companies use visual management in their workspaces by relying solely on the concept of Lean Management (Santos et al, 2021;Schumacher & Sihn, 2020;Kumar et al, 2020;Sanghavi et al, 2019).…”