Driving force for China’s economic development under Industry 4.0 and circular economy: Technological innovation or structural change?

Zhou, Xiaoxiao; Song, Malin; Cui, Lianbiao

doi:10.1016/j.jclepro.2020.122680

Cited by 132 publications

(62 citation statements)

References 65 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…3D printing helps in attaining the cheaper and lighter products ( DebRoy et al., 2018 ). System integration is the combination of different software and hardware to get easy design modification and maximum value creation ( Zhou et al., 2020 ). By using big data analytics, we can take decisions on future growth and business improvement ( Jain et al., 2017 ).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Few studies support Industry 4.0 implementation and provide a roadmap for its implementation ( Zhou et al., 2020 ). Manufacturing and cyber-physical systems could be integrated by digital learning.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The adoption of intelligent technologies is being predicted as the next industrial revolution ( Hofmann and Rusch, 2017 ). Industry 4.0 technologies will help in effective life cycle management of products in the era of CE ( Zhou et al., 2020 ; Bag et al., 2020c ). Therefore, to provide a new innovative environment in the Industry, managers need to adopt or implement the latest technologies such as 3D printing, internet of things (IoT) and cyber-physical system ( Almada-Lobo, 2015 ; Song and Wang, 2018 ).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Application of industry 4.0 technologies in SMEs for ethical and sustainable operations: Analysis of challenges

Kumar

Singh

Dwivedi

2020

Journal of Cleaner Production

338

180

View full text Add to dashboard Cite

In the era of Industry 4.0 and circular economy, small and medium enterprises (SMEs) are under huge pressure to make their manufacturing operations ethical and sustainable. Business with ethical and sustainable operations has become the need of the day in the present environment of Industry 4.0 and circular economy. It has been observed that the application of Industry 4.0 technologies may help in achieving the goal of ethical and sustainable operations. Although a lot of research has been done in context to larger enterprises, limited research is available on the application of Industry 4.0 technologies in SMEs for ethical and sustainable operations. The espousal of Industry 4.0 technologies is a challenging task for SMEs due to various operational and financial constraints. The problem is more acute, specifically in context to developing countries like India. Keeping in mind the role of technologies in ethical business and circular economy, we have identified fifteen challenges, impacting the application of Industry 4.0 technologies in SMEs. A questionnaire was designed for collecting the response from industry and academic experts. On the collected data, the DEMATEL approach has been applied to check the degree of influence and interrelationship among challenges. It has also helped in the categorization of factors as cause and effect. Sensitivity analysis is also performed to validate the results obtained from the DEMATEL approach. Authors have observed that lack of motivation from partners and customers on the application of I4.0 technologies is the leading challenge. Fear of failure of I4.0 technologies is the main effect group challenge. The findings of the study will help SMEs in formulating strategies for implementing Industry 4.0 technologies for ethical and sustainable business processes.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Application of industry 4.0 technologies in SMEs for ethical and sustainable operations: Analysis of challenges

Kumar

Singh

Dwivedi

2020

Journal of Cleaner Production

338

180

View full text Add to dashboard Cite

show abstract

“…Special role in the process of reorientation of entrepreneurship towards sustainability concept is devoted to business schools [7]. Finally, scientists highlight contribution of circular economy to sustainability [8].…”

Section: Introductionmentioning

confidence: 99%

“…Structural change means changes in relative importance of sectors of economy and may contribute to sustainable development in different sectors of economy. For example, scientists consider such sectors of economy as manufacturing [8], energy [9; 10], trade [10], tourism [11] and even primary sector [12] for testing direction, possible contribution and potential of structural change to sustainable development. Research findings indicate that structural change has to be accompanied by introduction of new technologies [13], involvement of all stakeholders [14; 8], and by taking into account regional readiness for the process [8].…”

Section: Introductionmentioning

confidence: 99%

Structural Change for Sustainable Development in Economy: A Literature Review

Šipilova

2021

SHS Web of Conf.

View full text Add to dashboard Cite

Research background: Climate change stimulates unfavorable global socio-economic consequences, which question economic structures, require sustainable development. Reaching sustainable development in economy relates to structural change. However, scientists rarely focus on structural change and sustainable development in the pure economic subject area. Purpose of the article: The article aims to summarize and classify the knowledge about contribution and potential of structural change for sustainable development in economy using research experience. The author considers the articles published exactly in the economic subject area, in which scientists terminologically focus on structural change and sustainable development. Methods: The search parameter - keywords and limitation - subject area determine the selection of suitable material for the research purpose. The author applies monographic method, logical analysis method, scientific induction method for the analysis of the selected material. Findings & Value added: The articles selected according to the limitations demonstrate that manufacturing is the most commonly analyzed sector followed by energy sector, tourism and decomposition of economy depending on sectoral efficiency. According to the material analyzed in the economic subject area, the contribution of structural change to sustainable development is considered in case studies with focus on decomposition of sectoral structure of local economies. Potential of structural change to sustainable development is considered in general terms and relates to energy efficiency, introduction of new technologies, and involvement of all stakeholders. Thus, it is possible to highlight the factors necessary for structural change, which work towards sustainable development in economy – attitude, efficiency, new technologies and wide range of participants.

show abstract

Accentuating the interconnection between business sustainability and organizational performance in the context of the circular economy: The moderating role of organizational competitiveness

et al. 2021

View full text Add to dashboard Cite

Sustainability development has gained significant importance in the modern business environment. The primary objective is to conduct an explanatory and quantitative study of the impacts of the social, economic, and environmental dimensions on organizational performance, considering the moderating role of organizational competitiveness. Data were collected from Chinese, Italian, and Romanian small and medium enterprises (SMEs). The questionnaires were distributed by applying simple random sampling techniques. The study sample size consists of 320 SME employees. Hierarchical regression was used to investigate the moderating impacts of organizational competitiveness on the relationships of the social, economic, and environmental dimensions and organizational performance. The regression analysis shows a positive relationship between the study variables. Small and medium-sized enterprises are focusing more on sustainable business practices.

show abstract

Driving force for China’s economic development under Industry 4.0 and circular economy: Technological innovation or structural change?

Cited by 132 publications

References 65 publications

Application of industry 4.0 technologies in SMEs for ethical and sustainable operations: Analysis of challenges

Application of industry 4.0 technologies in SMEs for ethical and sustainable operations: Analysis of challenges

Structural Change for Sustainable Development in Economy: A Literature Review

Accentuating the interconnection between business sustainability and organizational performance in the context of the circular economy: The moderating role of organizational competitiveness

Contact Info

Product

Resources

About