Fourth Industrial Revolution in Bangladesh: Prospects and Challenges

doi:10.34104/ajssls.020.01040114

Cited by 5 publications

(6 citation statements)

References 35 publications

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“…Kumar et al (2020a) and Shabur et al (2021) stated that motivation for a company is important to make the transition to green manufacturing and waste management. Cimini et al (2021) and Rumi et al (2020) found that an organization's attitude toward exchanging data and materials inside the company is inadequate. Weerabahu et al (2022) identified digital strategies that consider both the vertical and horizontal parts of the value chain are becoming more and more important to create and use.…”

Section: Research Backgroundmentioning

confidence: 99%

“…In these studies, the scholars have come up with a plan for how to adopt digitalization practices in a good way. Several researchers (Bhuiyan et al, 2020;Shabur et al, 2021;Moktadir et al, 2018;Rumi et al, 2020) have investigated this and tried to figure out what the biggest obstacles are. Also, there are studies that give a conceptual clarification of how adopting I4.0 affects a company in terms of performance (Yadav et al, 2020b;Kumar et al, 2020a;Weerabahu et al, 2022).…”

Section: Research Gap and Contributions Of The Studymentioning

confidence: 99%

“…Cimini et al. (2021) and Rumi et al. (2020) found that an organization’s attitude toward exchanging data and materials inside the company is inadequate.…”

Section: Research Backgroundmentioning

confidence: 99%

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Analyzing the key barriers of adopting Industry 4.0 in Bangladesh’s ready-made garment industry: an emerging economy example

Salman,

Hasanat,

Rahman

et al. 2023

IJIEOM

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PurposeSince Industry 4.0 (I4.0) is a new idea in Bangladesh, this study supports I4.0 adoption. Companies struggle to implement I4.0 and fully profit from the fourth industrial revolution’s digital transformation due to its novelty. Although barriers to I4.0 adoption are thoroughly studied, the literature has hardly examined the many aspects that are crucial for I4.0 adoption in Bangladesh’s Ready-Made Garment (RMG) industry. So, the purpose of this study is to investigate the barriers of adopting I4.0 in relation to Bangladesh’s RMG industries to enhance the adoption of I4.0 by developing a framework. Ultimately, the goal of this research is to improve the adoption of I4.0 in Bangladesh.Design/methodology/approachThrough a comprehensive analysis of the existing research, this paper aims to reveal the barriers that must be overcome for I4.0 to be adopted. For evaluating those barriers, a decision analysis framework based on the combination of Delphi technique and Decision-Making Trial and Evaluation Laboratory (DEMATEL) method has been developed. The use of DEMATEL has led to a ranking model of those barriers and a map of how the barriers are connected to each other.FindingsThe findings reveal that “I4.0 training”, “Lack of Motivation” and “Resistance to Change” are the most significant barriers for adopting Industry 4.0 in RMG sector of Bangladesh based on their prominence scores.Research limitations/implicationsThese findings will help the people who make decisions in the RMG industry of Bangladesh, such as company owners, managers and the executive body, come up with a plan for putting I4.0 practices into place successfully. The decision-making framework developed in this research can be utilized by the RMG industry of Bangladesh and other similar industries in developing countries to figure out how important each barrier is for them and how to get rid of them in order of importance.Originality/valueAs far as the authors are aware, there has not been a comprehensive study of the barriers inhibiting the adoption of I4.0 within the scope of Bangladeshi RMG industry. This work is the first to uncover these barriers and analyze them using the combination of Delphi technique and DEMATEL.

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Section: Research Backgroundmentioning

confidence: 99%

Section: Research Gap and Contributions Of The Studymentioning

confidence: 99%

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Analyzing the key barriers of adopting Industry 4.0 in Bangladesh’s ready-made garment industry: an emerging economy example

Salman,

Hasanat,

Rahman

et al. 2023

IJIEOM

View full text Add to dashboard Cite

show abstract

“…Transformation to I4.0 is likely to create both positive and negative impacts in different sectors (Rumi et al, 2020). Although the adoption of new technologies is an important issue (Mezghani & Ayadi, 2016), fear of automation is one such negative factor.…”

Section: Fear Of Automationmentioning

confidence: 99%

“…Bangladesh is one of the fastest-growing economies in Asia-Pacific. With a GDP ranging from 6% to 8% during the last two decades, it is projected to be the twenty-eighth largest economy in the world by 2030 (Rumi et al, 2020). The integration of I4.0 will facilitate prompt management decisions to seize new opportunities.…”

Section: Introductionmentioning

confidence: 99%

Family Businesses and Their Transition to Industry 4.0

Khalil

Nahid

2022

International Journal of Technology and Human Interaction

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Industry 4.0 (I4.0) is the new paradigm shift impacting businesses today. This study explores the state of Bangladeshi family businesses in adapting to I4.0 using a qualitative research methodology. Top management personnel were interviewed to capture their insights on transitioning to I4.0. The thematic analysis revealed four themes, current state of the businesses, challenges faced, pandemic impact on human resources, and future plans. Findings indicate high awareness and greater adoption of digital practices with COVID-19 acting as a catalyst. Although training is emphasized, there is a lack of focus on both career and general counselling, which may prove to be detrimental in the future. The study takes a resource-based view to find the bundle of resources acting as conditions for the family firms to evolve into the I4.0, thereby making a practical contribution to understanding the role of family businesses in implementing I4.0 policies to enrich their human resource competencies and leverage the benefits of I4.0.

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Rostow’s Stages of Growth and Bangladesh: To Which Stage Does Bangladesh Belong?

2021

BJAH

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Albeit facing ample challenges as encountered by most developing countries of the world, Bangladesh’s economy has consistently been prepared for take-off. There are quite a number of glairing failures but the commendable successes it has attained throughout the last one and a half-decade in macro-management of the economy have shaped a ground for take-off, which may pave the way for resolving many of the critical development problems such as poverty, illiteracy, unemployment, and low productivity within a foreseeable future. This is not a synthetic arrangement to sterilize pessimism into the expectation of false hope, rather assist build, in what has already been attained, a foundation for what ought to be done next. It is rather some sort of confidence-building based on some positive modification that has already taken place within the economy. From the five stages growth model of Rostow, the stage ‘take-off’ has been deliberately chosen to precise an emphatic drive that a developing country needs in setting dynamism in its economy for sustained development. The stipulations for ‘transition’ and therefore the ground setting required for ‘take-off’ are planned as prompt and timely actions needed for a desperate nation aspiring fast development of the country. This study depicts the different stages of Rostow’s growth model and tries to figure out the current stage of growth of Bangladesh. The study also employs how Bangladesh’s development model and development management model play an important role to spice up the growth sector and the acceleration of the economic uplift of the country.

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Fourth Industrial Revolution in Bangladesh: Prospects and Challenges

Cited by 5 publications

References 35 publications

Analyzing the key barriers of adopting Industry 4.0 in Bangladesh’s ready-made garment industry: an emerging economy example

Analyzing the key barriers of adopting Industry 4.0 in Bangladesh’s ready-made garment industry: an emerging economy example

Family Businesses and Their Transition to Industry 4.0

Rostow’s Stages of Growth and Bangladesh: To Which Stage Does Bangladesh Belong?

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