Industry 4.0: The Fourth Industrial Revolution

In the conditions of market volatility and a shortening life cycle products, modern manufacturers are faced with need to increase costs, accelerate localize production processes. The answer these challenges is offered by fourth industrial revolution, or Industry 4.0 (I4.0). It consists in increasing speed bringing products through transformation supply chain into highly adaptive integrated networks. potential effect I4.0 implementation on competitiveness (in particular, subsidiaries foreign companies) nature modernization global value chains, which companies part, considered four specific examples. shown that era, competitive advantages business may depend both individual industries changes relations between partners. These results consistent findings literature about uncertainty complexity digital economy general, confirm there problems accurately assessing perceived benefits. based struggle for leadership, increased primarily improving product quality, not reducing costs. At same time, contributes emergence groups closely interconnected, each other up erasure clear boundaries them.