IMPACT OF INDUSTRY 4.0 ON GLOBAL VALUE CHAINS, BUSINESS MODELS AND FOREIGN DIRECT INVESTMENT
Open Access
- 6 May 2021
- journal article
- Published by Belarusian National Technical University in Экономическая наука сегодня
Abstract
The article is devoted to the study of the phenomenon of Industry 4.0, the impact of the fourth industrial revolution on the key aspects of the companies’ economic activity, including multinational corporations. It was revealed how Industry 4.0 affects the placement and organization of global value chains. It was established that Industry 4.0 technologies contribute to the transformation of existing and the emergence of new (digital) business models, thanks to which companies can achieve a significant reduction in their own costs, gain additional income and enter international markets. It shows how Industry 4.0 can influence investment decisions, change the global flows and directions of foreign direct investment. As a result of the research, conclusions are drawn about the role of Industry 4.0 in the transformation of the business environment, industries, markets, and economy as a whole.Keywords
This publication has 10 references indexed in Scilit:
- Industry 4.0, global value chains and international businessMultinational Business Review, 2017
- The impact of product attributes and emerging technologies on firms’ international configurationJournal of International Business Studies, 2016
- The 3D printing order: variability, supercenters and supply chain reconfigurationsInternational Journal of Physical Distribution & Logistics Management, 2016
- Global value chains from a 3D printing perspectiveJournal of International Business Studies, 2016
- Additive manufacturing for consumer-centric business models: Implications for supply chains in consumer goods manufacturingTechnological Forecasting and Social Change, 2016
- From rapid prototyping to home fabrication: How 3D printing is changing business model innovationTechnological Forecasting and Social Change, 2016
- Explaining the internationalization of ibusiness firmsJournal of International Business Studies, 2015
- Disruptions, decisions, and destinations: Enter the age of 3-D printing and additive manufacturingBusiness Horizons, 2015
- Big Data: A Revolution That Will Transform How We Live, Work, and ThinkAmerican Journal of Epidemiology, 2014
- Big Data and ManagementThe Academy of Management Journal, 2014