Transformation of Transnational Corporations’ Supply Chains as a Result of the Fourth Industrial Revolution and the COVID-19 Pandemic

Abstract

The subject of research formulated in the title of the article was selected due to the fundamental importance of global supply chains (GSCs) of Transnational Corporations (TNCs) in the functioning of the world economy. They determine the size, structure and directions of international trade and foreign direct investment. Currently, they are influenced by the innovative inventions of the Industrial Revolution 4.0 (IR 4.0), as well as the COVID-19 pandemic and the resulting experiences. This article is a review of the conceptual and futurological character and was based on the author’s literary studies and reflections resulting from his subject knowledge. Research techniques such as description, predictive analysis, synthesis and modeling have been used. The result of the research is the verification of the hypothesis regarding the uncertain potential impact of the Industrial Revolution 4.0 and the catalytic impact of the COVID-19 pandemic on global supply chains. This article should inspire more detailed, empirical research on these important issues.

Supply Chain Integration and Its Impact on Operating Performance: Evidence from Chinese Online Companies

“…has a positive effect on SCI. Several studies, including those by [8], have shown that E-Business technology improves the integration of product information and intra-and inter-organizational communication [53]. It is demonstrated that integrating supply chain processes facilitates operational decisions.…”