Transformation of the metallurgical industry of Ukraine from the concept “Industry 4.0” to capitalism of stakeholder

Abstract

Purpose. To determine the level of development of the metallurgical industry of Ukraine in accordance with global trends of its transformation from the concept of Industry 4.0 to the capitalism of stakeholders. Methodology. In order to achieve the purpose of the study a system of general and special methods was used: generalization - during a comparative analysis of competitive advantages of individual countries implementing the Concept Industry 4.0, to compare the level of industrial safety of the metallurgical industry in Ukraine and global indicators of economic activity; statistical and econometric ones methods of analysis of dynamic series (for analysis of trends in the main indicators of export-oriented industries of Ukraine, finding indicators of descriptive statistics), methods of standardization of indicators and integrated evaluation (to assess the industrial safety of the metallurgical industry of Ukraine); methods of correlation analysis (to determine the impact of export-oriented industries of Ukraine on GDP, the formation of a system of indicators of the greatest impact on industrial safety in the metallurgical industry). Methods of graphic visualization of integrated assessment of production safety of the metallurgical industry of Ukraine are used. Findings. It is shown that for the development of the metallurgical industry of Ukraine the concept of Industry 4.0 should be considered from the standpoint of the concept of Capitalism of stakeholders. The dynamics of crude steel production for 20112020 is analyzed, the analysis of trends of which showed the growth of stakeholder capitalism in the countries. After comparing and analyzing the indicators of export-oriented industries in Ukraine, it was determined that the metallurgical industry has relative stability against the background of global growth in funding and the amount of basic research in developing components of the concept of stakeholder capitalism. A system of indicators for assessing the production safety of the metallurgical industry of Ukraine has been formed, taking into account the data of countries in which the features of stakeholder capitalism have emerged. The obtained results of the analysis of the integrated indicator of production safety of the metallurgical industry of Ukraine with world indicators of stable development of this industry, allow providing operational information on the effectiveness of the metallurgical industry of Ukraine as one of the leading components of Ukrainian economic foresight. Originality. The authors offer a scientific approach to the transformation of the metallurgical industry of Ukraine in accordance with global trends in the industry and the priorities identified by advanced countries. It is based on improving the instrumental apparatus for assessing the effectiveness of the transformation of the metallurgical industry of Ukraine from the concept of Industry 4.0 to the concept of Capitalism of stakeholders and scientific understanding of the level of industrial safety of the metallurgical industry in Ukraine and global economic indicators. Practical value. The obtained results create a basis for developing approaches to assessing the production safety of the metallurgical industry to ensure the economic security of the industry as a whole.

Key Challenges and Opportunities of Industry 4.0 in Metallurgical Industry in Slovakia

“…By 2024, the metallurgy industry in the Central Urals region will be comparable in its readiness for digitalisation to more technologically advanced industries. Yasynska et al (2022) determine the level of development of the metallurgical industry of Ukraine in accordance with the global trends of its transformation from the concept of Industry 4.0. The study analyses the dynamics of crude steel production for 2011-2020.…”