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Assessing the Impact of Industry 4.0 on Environmental Sustainability

In: Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024)

Author

Listed:
  • Bhavna

    (DY Patil Institute of Management Studies
    Galgotias University, School of Finance and Commerce)

  • Amitabh Patnaik

    (Amitabh Patnaik, Dr DY Patil Institute of Management Studies)

  • Bhawana Rawat

    (Galgotias University, School of Finance and Commerce)

  • Tej Singh

    (Galgotias University, School of Finance and Commerce)

Abstract

Businesses achieve more industrial performance by integrating vertical and horizontal production processes and product linkage in Industry 4.0, at the beginning of the Industrial phase. To guarantee a sustainable progression of human life including social, environmental, and economic aspects, globalization currently confronts the challenge of satisfying the swiftly growing worldwide demand for industrial products. Industry 4.0, which provides increased industrial investments, simpler procedures, and improved production collaboration, redefines the digital revolution. Sustainability in the supply chain includes implementing systemic fixes and logistical procedures that make recycling and waste reuse easier while cutting emissions. The manufacturing industry is increasingly excited about using technology to identify areas that require improvement to reduce wastage and innovative methods by applying new techniques to become more sustainable. The study focuses on the impact of implementing the major technologies including lean production manufacturing, IOT, Blockchain, and Automated Robotics on the environmental sustainability of Indian Manufacturing firms. It contributes to generating a pillar of research on the actual benefits of Industry 4.0 by outlining its technology elements. It elaborates on the direct impact of Industry 4.0 enabling technologies on sustainability concerning the environment.

Suggested Citation

  • Bhavna & Amitabh Patnaik & Bhawana Rawat & Tej Singh, 2024. "Assessing the Impact of Industry 4.0 on Environmental Sustainability," Advances in Economics, Business and Management Research, in: Nitin Pathak & Munish Gupta & Vikas Sharma & Amita Chaudhary (ed.), Proceedings of the 2nd International Conference on Emerging Technologies and Sustainable Business Practices-2024 (ICETSBP 2024), pages 457-471, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-544-7_30
    DOI: 10.2991/978-94-6463-544-7_30
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