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Transformation of Transnational Corporations’ Supply Chains as a Result of the Fourth Industrial Revolution and the COVID-19 Pandemic

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  • Jan Rymarczyk

    (Department of Finance and Banking, Poznan School of Banking, WSB University in Poznań, Powstańców Wielkopolskich 5, 61-874 Poznań, Poland)

Abstract

The subject of research formulated in the title of the article was selected due to the fundamental importance of global supply chains (GSCs) of Transnational Corporations (TNCs) in the functioning of the world economy. They determine the size, structure and directions of international trade and foreign direct investment. Currently, they are influenced by the innovative inventions of the Industrial Revolution 4.0 (IR 4.0), as well as the COVID-19 pandemic and the resulting experiences. This article is a review of the conceptual and futurological character and was based on the author’s literary studies and reflections resulting from his subject knowledge. Research techniques such as description, predictive analysis, synthesis and modeling have been used. The result of the research is the verification of the hypothesis regarding the uncertain potential impact of the Industrial Revolution 4.0 and the catalytic impact of the COVID-19 pandemic on global supply chains. This article should inspire more detailed, empirical research on these important issues.

Suggested Citation

  • Jan Rymarczyk, 2022. "Transformation of Transnational Corporations’ Supply Chains as a Result of the Fourth Industrial Revolution and the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(9), pages 1-15, May.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:9:p:5518-:d:808496
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    References listed on IDEAS

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    1. Niloofar Jahani & Arash Sepehri & Hadi Rezaei Vandchali & Erfan Babaee Tirkolaee, 2021. "Application of Industry 4.0 in the Procurement Processes of Supply Chains: A Systematic Literature Review," Sustainability, MDPI, vol. 13(14), pages 1-25, July.
    2. Toorajipour, Reza & Sohrabpour, Vahid & Nazarpour, Ali & Oghazi, Pejvak & Fischl, Maria, 2021. "Artificial intelligence in supply chain management: A systematic literature review," Journal of Business Research, Elsevier, vol. 122(C), pages 502-517.
    3. Stefano Elia & Luciano Fratocchi & Paolo Barbieri & Albachiara Boffelli & Matteo Kalchschmidt, . "Post-pandemic reconfiguration from global to domestic and regional value chains: the role of industrial policies," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    4. Chan, Hing Kai & Griffin, James & Lim, Jia Jia & Zeng, Fangli & Chiu, Anthony S.F., 2018. "The impact of 3D Printing Technology on the supply chain: Manufacturing and legal perspectives," International Journal of Production Economics, Elsevier, vol. 205(C), pages 156-162.
    5. Nicolas Bunde, 2021. "Covid-19 and Industry: Is the Crisis Leading to the Dismantling of Global Supply Chains?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 74(01), pages 54-57, January.
    6. Mohamed Ben-Daya & Elkafi Hassini & Zied Bahroun, 2019. "Internet of things and supply chain management: a literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 57(15-16), pages 4719-4742, August.
    7. Gabriele, Suder & Meng, Bo & Yuning, Gao, 2021. "MNEs and exogenous pandemic shocks through COVID-19: from context to GVC agility," IDE Discussion Papers 820, Institute of Developing Economies, Japan External Trade Organization(JETRO).
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    1. Xiaoyan Zhang & Rita Yi Man Li & Zhizhong Sun & Xin Li & Sarminah Samad & Ubaldo Comite & Liviu Marian Matac, 2022. "Supply Chain Integration and Its Impact on Operating Performance: Evidence from Chinese Online Companies," Sustainability, MDPI, vol. 14(21), pages 1-16, November.

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