Advantages of Industry 4.0: Case of Pashion Footwear

Gabriela-Nicoleta Andrisan () and Andra Modreanu ()
Additional contact information
Gabriela-Nicoleta Andrisan: The Bucharest University of Economic Studies, Romania
Andra Modreanu: The Bucharest University of Economic Studies, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 378-383

Abstract: Industry 4.0 expands upon the advancements of the Third Industrial Revolution by integrating many innovations from the digital, tangible, and biological realms. Industry 4.0 is an allencompassing idea that signifies the trajectory towards which manufacturing and industrial production are progressing. Several businesses are inadvertently moving towards Industry 4.0 by integrating specific components of its concepts into their operations. The article aims to emphasise several opportunities and consequences that have emerged since the inception of Industry 4.0. Moreover, it seeks to illustrate the ways in which certain companies have been adjusting to these novel circumstances. The essay is structured into various sections, including a thorough examination of existing literature, emphasising the most noteworthy contributions to this topic. The subsequent section delineates the methods utilised in the investigation. The fourth segment validates the outcomes of the study through the presentation of a case study, while the concluding section offers a concise overview of the findings.

Keywords: Industry 4.0; innovation; business; adaptability; technology (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://stec.univ-ovidius.ro/html/anale/RO/2024i1/Section%204/2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:378-383

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().