The definition and understanding of the Industry 4.0 concept vary widely in the literature and among practitioners. The objective of our research was to analyse the perceptions of Industry 4.0 in the Visegrad companies and the explanations for the differences thereof; and second, to compare...

Manufacturers face increased cost pressure and market volatility. Product life cycles are getting shorter. Production has to be faster and increasingly local. The acceleration of "time-to-market" could happen thanks to the solutions of Industry 4.0 (I4.0), with supply chains morphing into highly...

"The information age is reshaping current socio-economic structures and processes and this book touches upon the nature of clusters in the fourth industrial revolution (Industry 4.0; I4.0). It focuses on the spatial perspective of digital business transformation and explores in natural context...

The fourth industrial revolution (Industry 4.0) transformed global value chains by transforming them into adaptive networks of enterprises. To remain competitive, companies need to integrate themselves into these networks, which require increased flexibility in terms of reorganizing business...

Objective: The objective of the article is to assess the firms' digital maturity and examine how the adoption of Industry 4.0 solutions affects global value chain (GVC) relationships. Research Design & Methods: The study combined a critical literature review with quantitative empirical research....