COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?

The COVID-19 pandemic has halted economic activities and made business dynamics much more challenging by introducing several additional operational, structural, and managerial constraints. The problem has affected global supply chains in many ways, and has questioned their long-term continuity. On t...

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Autores principales:	Amjad Hussain, Muhammad Umar Farooq, Muhammad Salman Habib, Tariq Masood, Catalin I. Pruncu
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	Industry 4.0 smart manufacturing COVID-19 business dynamics business continuity challenges Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/255bb7743b1349eb94fe36438ca1f8b9
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id	oai:doaj.org-article:255bb7743b1349eb94fe36438ca1f8b9
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spelling	oai:doaj.org-article:255bb7743b1349eb94fe36438ca1f8b92021-11-11T19:38:44ZCOVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?10.3390/su1321119712071-1050https://doaj.org/article/255bb7743b1349eb94fe36438ca1f8b92021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11971https://doaj.org/toc/2071-1050The COVID-19 pandemic has halted economic activities and made business dynamics much more challenging by introducing several additional operational, structural, and managerial constraints. The problem has affected global supply chains in many ways, and has questioned their long-term continuity. On the other hand, Industry 4.0 is an emerging phenomenon. However, there is a need to investigate how Industry 4.0 technologies may play a potential role in sustaining business operations to ease unprecedented causalities. The current research aims to investigate the potentiality of Industry 4.0 technologies to solve the COVID-19 challenges for long term sustainability. From an exploratory literature analysis coupled with the Delphi method, keeping in view the situation of the pandemic, ten challenge groups that have affected global business dynamics were identified. A questionnaire was developed with the aim of accumulating industrial and academic experts to evaluate the degree of influence and interrelationship among the identified challenges. The Decision Making, Trial and Evaluation Laboratory (DEMATEL) approach was deployed to further analyze the challenges for the categorization of these into causes and effects, further prioritizing them for better decision making. The prioritized challenges from the list of causes were governmental policies and support, followed by real access to customers and a lack of infrastructure. Additionally, these challenges were further evaluated through the expert opinion of Industry 4.0 systems experts and strategic-level supply chain experts to potentially gauge the potency of Industry 4.0 technologies to solve COVID-19-induced challenges. The outcomes of this research (which used Delphi integrated with a DEMATEL approach) are expected to support businesses in formulating strategies with the aim of business continuity in combating future disruptions caused by COVID-19-like pandemics.Amjad HussainMuhammad Umar FarooqMuhammad Salman HabibTariq MasoodCatalin I. PruncuMDPI AGarticleIndustry 4.0smart manufacturingCOVID-19business dynamicsbusiness continuitychallengesEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11971, p 11971 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Industry 4.0 smart manufacturing COVID-19 business dynamics business continuity challenges Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	Industry 4.0 smart manufacturing COVID-19 business dynamics business continuity challenges Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Amjad Hussain Muhammad Umar Farooq Muhammad Salman Habib Tariq Masood Catalin I. Pruncu COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
description	The COVID-19 pandemic has halted economic activities and made business dynamics much more challenging by introducing several additional operational, structural, and managerial constraints. The problem has affected global supply chains in many ways, and has questioned their long-term continuity. On the other hand, Industry 4.0 is an emerging phenomenon. However, there is a need to investigate how Industry 4.0 technologies may play a potential role in sustaining business operations to ease unprecedented causalities. The current research aims to investigate the potentiality of Industry 4.0 technologies to solve the COVID-19 challenges for long term sustainability. From an exploratory literature analysis coupled with the Delphi method, keeping in view the situation of the pandemic, ten challenge groups that have affected global business dynamics were identified. A questionnaire was developed with the aim of accumulating industrial and academic experts to evaluate the degree of influence and interrelationship among the identified challenges. The Decision Making, Trial and Evaluation Laboratory (DEMATEL) approach was deployed to further analyze the challenges for the categorization of these into causes and effects, further prioritizing them for better decision making. The prioritized challenges from the list of causes were governmental policies and support, followed by real access to customers and a lack of infrastructure. Additionally, these challenges were further evaluated through the expert opinion of Industry 4.0 systems experts and strategic-level supply chain experts to potentially gauge the potency of Industry 4.0 technologies to solve COVID-19-induced challenges. The outcomes of this research (which used Delphi integrated with a DEMATEL approach) are expected to support businesses in formulating strategies with the aim of business continuity in combating future disruptions caused by COVID-19-like pandemics.
format	article
author	Amjad Hussain Muhammad Umar Farooq Muhammad Salman Habib Tariq Masood Catalin I. Pruncu
author_facet	Amjad Hussain Muhammad Umar Farooq Muhammad Salman Habib Tariq Masood Catalin I. Pruncu
author_sort	Amjad Hussain
title	COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
title_short	COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
title_full	COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
title_fullStr	COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
title_full_unstemmed	COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?
title_sort	covid-19 challenges: can industry 4.0 technologies help with business continuity?
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/255bb7743b1349eb94fe36438ca1f8b9
work_keys_str_mv	AT amjadhussain covid19challengescanindustry40technologieshelpwithbusinesscontinuity AT muhammadumarfarooq covid19challengescanindustry40technologieshelpwithbusinesscontinuity AT muhammadsalmanhabib covid19challengescanindustry40technologieshelpwithbusinesscontinuity AT tariqmasood covid19challengescanindustry40technologieshelpwithbusinesscontinuity AT catalinipruncu covid19challengescanindustry40technologieshelpwithbusinesscontinuity
_version_	1718431454249091072

COVID-19 Challenges: Can Industry 4.0 Technologies Help with Business Continuity?

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