Digital transformation is an ongoing process that is driven by the recent advances in digitalization as well as the development of information and communication technologies (ICT) that penetrate all socio-economic fields of everyday life and business. In this paper, we describe the digital transformation of energy companies. We show that successful transformation is based on skills, expertise and knowledge of the employees that need to be created and maintained. In addition, we show that digital competences become a key element in building capacities that are required for the digital transformation. This is of a particular importance for the energy companies that are experiencing major changes on the path of transition toward low-carbon economy and renewable energy.
The relevance of the study is determined by the need to develop and implement effective tools for analysing the probability of financial risks that may potentially arise in the operation of the financial and economic security management system of an enterprise, regardless of its particular affiliation to any economic sphere. The purpose of this study is to assess the theoretical prerequisites for creating an effective system for analysing financial risks in the operation of the financial and economic security management system of an enterprise at any stage of its operation and to analyse the probability of practical implementation of such a system. The leading approach in this scientific study is a combination of methods of system analysis of the activity of management systems for the economic and financial security of the enterprise, with an analytical study of the analysis of financial risks arising during the operation of this enterprise. In the course of the study, scientific confirmation was obtained regarding the fact that there is a clear, structural relationship between the analysis of the level of financial risks in the enterprise's activities and the functioning of its financial and economic security management system, which suggests that a high-quality and timely analysis of financial risks is essential for various aspects of the security of the enterprise in general. The results obtained in the course of this study are of great practical importance for employees of the economic and financial systems of enterprises of various forms of ownership and activities that solve the problems of developing effective methods for protecting the economic activities of organisations in the conditions of instability of the current economic situation on world markets and real threats of increasing financial losses of enterprises in this regard.
Purpose. The purpose of this article is to study the nature, main trends and problematic aspects of realization of the export potential of agricultural production in the countries of South America, OECD, North America and Europe in the context of aggravating food crisis. Methodology / approach. Theoretical and empirical methods of cognition are used in their dialectical combination. The main methods used in this study are statistical analysis, index, graphical and analytical methods, methods for estimating structural dynamic shifts, comparisons and monographic method. The study also involved general methods of economic research, in particular: theoretical generalization and comparison, induction and deduction are used in revealing the content of the export potential of agricultural production, drawing conclusions; the current condition and tendencies of development of export of agricultural products is estimated by means of synthesis and the economic analysis; graphic, economic, statistical and interstate comparisons are used to analyse the export of agricultural products; statistical methods (grouping) are applied to assess the domestic and external export potential of agricultural products in the regional context. The influence of external and domestic export potential on wheat exports is studied by regression analysis. Results. The need to ensure food security by countries around the world urges the importance of the agricultural sector as a catalyst for economic development, sources of foreign exchange earnings, investment direction, etc. The study of agricultural specialization led to the conclusion that wheat and sugar are goods with the highest export potential. It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of fulfilment of export potential of agricultural production, and African countries are import-dependent. Besides, the low export orientation of Africa and Asia due to the peculiarities of their natural and climatic conditions is established based on the assessment of export-import operations in the regional context. The internal and external export potential of each of the regions is analysed. The direct correlation between the exports volume and area of land used for wheat cultivation, as well as with its yield, was established through the correlation and regression analysis. Originality / scientific novelty. The scientific novelty of the results of the study is that the authors were the first who carried out a comprehensive analysis of the potential capacity and ability to increase exports of agricultural products in the world and by product groups. The essence and features of economic representation of export potential of agricultural products at the international and national levels are determined. The main factors influencing the development of the export potential of agricultural products in the regional context are outlined and their influence is investigated by carrying out the regression analysis. The study of domestic and foreign export potential by regions of the world is further developed. Practical value / implications. The analysis of the internal and external export potential of agricultural production was carried out in the regional context, which resulted in the identification of the main recommendations for increasing their level in order to enhance the development of the agro-industrial sector of the economy.
The problems associated with the current trend in the consumption of natural food products, the sale of manufactured products, increasing the competitiveness of domestic products, foreign product intervention, ensuring the institutionalization of Internet commerce by the state are discussed in the article. The analysis carried out features of the introduction and development of efficient, digital technologies in agriculture. Also, promising areas of digitalization of the agro-industrial complex are highlighted by the authors. It was recommended to entrepreneurs to create such sites, the effectiveness of which reached the audience at an appropriate level, the volume of orders was maximum, which ultimately would increase profits and strengthen market position.
Abstract. The aim of the research is to study the nature, main trends and problematic aspects of fulfilling the export potential of agricultural production in the context of aggravating food crisis. Theoretical and empirical methods of cognition in their dialectical combination are used. The main methods used in this study are statistical analysis, index, graphical and analytical methods, methods for estimating structural dynamic shifts, comparisons and monographic method. The study also involved general methods of economic research, in particular: in disclosing the content of the export potential of agricultural production, formulating conclusions used theoretical generalization and comparison, induction and deduction; by means of synthesis and the economic analysis the estimation of a modern condition and tendencies of development of export of agricultural products is carried out; graphic, economic, statistical and interstate comparisons were used to analyze the export of agricultural products; to assess the domestic and external export potential of agricultural products in the regional context, statistical methods (grouping) were implemented. The influence of external and domestic export potential on wheat exports was studied by regression analysis. The need to ensure food security by countries around the world urges the importance of the agricultural sector as a catalyst for economic development, sources of foreign exchange earnings, investment direction, etc. The study of agricultural specialization led to the conclusion that wheat and sugar are goods with the highest export potential. It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of realization of export potential of agricultural production, and African countries are import-dependent. In addition, the low export orientation of Africa and Asia due to the peculiarities of their natural and climatic conditions is established based on the assessment of export-import operations in the regional context. The internal and external export potential of each of the regions is analysed. Economic and mathematical simulation of assessing the impact of the most important factors on the wheat exports volumes was applied, which allowed predicting wheat exports volume and making sound management decisions regarding the realization of the export potential of agricultural companies. The inverse correlation between the exports volume and wheat consumption per capita, and the direct correlation between the effective size and area of land used for wheat cultivation was established through the correlation and regression analysis. The scientific novelty of the results of the study is that for the first time a holistic analysis of the potential capacity and ability to export existing and increase exports of agricultural products in the world and by product groups. The essence and features of economic representation of export potential of agricultural products at the international and national levels are determined. The main factors influencing the development of the export potential of agricultural products in the regional context are outlined and their influence is investigated by carrying out the corresponding aggression analysis. The study of domestic and foreign export potential by regions of the world was further developed. The audit of the internal and external export potential of agricultural ovaries in the regional context was carried out, as a result of which the main recommendations for raising their level in order to enhance the development of the agro-industrial sector of the economy were identified. Keywords: export potential, agricultural production, exports, integration, food security. JEL Classification Q17, P45 Formulas: 1; fig.: 7; tabl.: 5; bibl.: 26.
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