Neoindustrialization—Reflections on a New Paradigmatic Approach for the Industry: A Scoping Review on Industry 5.0

Ricardo Pereira () and Neri dos Santos
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Ricardo Pereira: Knowledge Engineering Department, Federal University of Santa Catarina, Florianópolis 88040-900, Brazil
Neri dos Santos: Knowledge Engineering Department, Federal University of Santa Catarina, Florianópolis 88040-900, Brazil

Logistics, 2023, vol. 7, issue 3, 1-21

Abstract: Background : The Industry 5.0 emerges as a new paradigm for the industry by considering sustainability, human-centered approaches, organizational resilience, and interaction between humans and machines as its core values. This new trend for the future of the industry is referred to as neoindustrialization. Due to being a topic in development, there is still no precise consensus on its definition, which prompted the current study to comprehensively investigate and analyze the existing literature on Industry 5.0. Methods : The method employed was a scoping review, examining publications from various databases and academic journals, including those specific to the Brazilian context. Results : The results indicate a transition towards an industry that meets societal demands and respects planetary boundaries, aspects that were overlooked by Industry 4.0. Conclusions : In this new scenario, the industry reassumes its leadership by combining technology with new strategies and organizational models. Furthermore, it undergoes organizational changes to align its structure, operations, human resources, and new practices, aiming to meet the demands of society and all stakeholders involved. To achieve this, it is necessary to create an environment conducive to innovation and entrepreneurship, promoting the development of qualified human capital, investments in research and development, and strengthening partnerships between the public and private sectors. A successful neoindustrialization policy will generate high-quality jobs and foster economic growth. Industry 5.0 is the paradigm that will prevail in the 21st century. It is not a matter of speculation; it is an inseparable and inevitable reality. Otherwise, the industry will be relegated to a secondary role in the process of digital and social transformation.

Keywords: Industry 5.0; scoping review; neoindustrialization; the fifth industrial revolution (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2023
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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