PREDICTORS OF INDUSTRY 4.0 TECHNOLOGIES AFFECTING LOGISTIC ENTERPRISES’ PERFORMANCE: INTERNATIONAL PERSPECTIVE FROM ECONOMIC LENS

Author:

Ślusarczyk Beata1ORCID,Tvaronavičienė Manuela2ORCID,Ul Haque Adnan3ORCID,Oláh Judit4ORCID

Affiliation:

1. Faculty of Management, Czestochowa University of Technology, Częstochowa, Poland; DHET-NRF South African Research Chair in Entrepreneurship Education, College of Business and Economics, University of Johannesburg, Johannesburg, South Africa

2. Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania; Department of Strategic Management, General Jonas Žemaitis Military Academy of Lithuania, Vilnius, Lithuania

3. Business Management Faculty, Yorkville University, Yorkville, Canada

4. Faculty of Economics and Business, University of Debrecen, Debrecen, Hungary; TRADE Research Entity, Faculty of Economic and Management Sciences, North-West University, Vanderbijlpark, South Africa

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.

Publisher

Vilnius Gediminas Technical University

Subject

Finance

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