The Mediating Role of Industry 4.0 Implementation on Performance Achievement of Vietnam Automotive Parts Manufacturing Firms

Abstract

Vietnam automotive industry, which contributes to economic growth, faces challenges in global competitiveness, highlighting the crucial need for Industry 4.0 adoption to improve performance. The purpose of this study was to investigate the relationships among organizational factors, and performance achievement in Vietnam automotive parts manufacturing firms. Another aim was to examine the mediating role of Industry 4.0 implementation in this relationship. The study uses Smart-PLS analysis with a sample of 265 respondents. The findings indicate that organizational factors such as industry forward, smart manufacturing and Block-chain leadership have a significant influence on performance achievement. Furthermore, the study reveals that Industry 4.0 implementation mediates the relationship between organizational factors and performance achievement. These results suggest that firms in the automotive parts manufacturing industry should focus on developing a vision of the industry forward, investing in smart manufacturing, and developing a supportive leadership style to facilitate the successful implementation of Industry 4.0 technologies. Additionally, firms should prioritize the integration of these technologies to achieve improved performance outcomes. Overall, this study provides valuable insights into the factors that contribute to successful Industry 4.0 implementation and performance achievement in Vietnam automotive parts manufacturing industry.