Study of the Current State of the Economic Potential of Industrial Enterprises of Ukraine

Abstract

Industrial enterprises in modern conditions of economic activity are the primary link of the economy. This determines the priority of industrial development in the context of ensuring sustainable economic growth in Ukraine. Currently, the Ukrainian industry is in a state of crisis, the emergence of which is largely due to the global economic crisis, the military confrontation in the East of the country and the loss of control over part of the territory of Donbass, the COVID -19 pandemic. The presence of these factors hindering economic development is due to the external environment for the Ukrainian industry, to which, for objective reasons, it is only possible to adapt. In the current situation, it is advisable to pay attention to the possibility of realizing the internal economic potential of industrial enterprises. The article examines the current state of the economic potential of the Ukrainian industry in terms of such basic components as: material resources (basic production facilities), human resources and financial resources (in the context of ensuring the introduction of innovations). According to the results of the analysis, it was found that the condition of the main production facilities of most industrial enterprises is unsatisfactory due to their significant deterioration. At the same time, the reduction in the volume of capital investments in tangible assets, which has been observed in recent years, hinders the processes of technical re-equipment and modernization of domestic industrial production. In addition, industrial enterprises in Ukraine have been losing their labor potential for a long time, which is a very negative trend from the point of view of ensuring economic development, since it carries the threat of a significant shortage of qualified labor in the future. Most domestic industrial enterprises lack their own financial resources to introduce innovations, which determines their low innovation activity and limits the possibilities of ensuring economic development. In order to summarize the results of the study, the value of the integral index of the economic potential of industry in 2011-2020 was determined, which confirmed the revealed trend regarding the reduction of the economic potential of Ukrainian industrial enterprises. Overcoming this problem requires the implementation of measures aimed at ensuring the economic development of Ukraine's industry at the state level.