Investments in Industry 4.0 technologies and supply chain finance: approaches, framework and strategies
Angappa Gunasekaran,
Sachin Kamble,
Abhijeet Ghadge and
Vikas Kumar
International Journal of Production Research, 2024, vol. 62, issue 22, 8049-8055
Abstract:
Investments in Industry 4.0 are making a significant impact on various sectors by integrating advanced digital technologies. The chances of financial losses for organisations’ investments due to new technologies are high, and there is a low possibility of recovering the investments. Reduced spending on long-term costs by organisations due to low investments and consumer demand for durable goods has resulted in sluggish global trade in advanced and emerging markets. Challenges have arisen for companies in securing loans for investments due to past economic slowdowns, resulting in increased corporate borrowing expenses. The literature acknowledges Supply Chain Finance (SCF) as a vital approach to optimising efficiency. Industry leaders are turning to SCF as high costs persist during the transformation process for manufacturers. SCF can unlock substantial working capital by improving cash flow, which can be used to back essential business initiatives. This evolving environment presents opportunities and requires a deeper investigation of possibilities and challenges in advancing SCF to support Industry 4.0 efforts. Given this, the Special Issue released in the International Journal of Production Research pushes forward this crucial research focus. Nine articles accepted in this Special Issue used different methodologies, theories, and contexts to address research needs and offer valuable insights on supply chain finance and industry 4.0 investment challenges. This Editorial summarises these studies, emphasising possibilities for future research pathways.
Date: 2024
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DOI: 10.1080/00207543.2024.2405322
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