Industry 4.0 solutions and company performance: empirical evidence from multiple case study of automotive industry

Abstract

Purpose: Recent geopolitical, economic, and social changes worldwide directly impact the operations of manufacturing enterprises. This paper aims to highlight the potential outcomes achieved through the implementation of modern technological solutions within the scope of Industry 4.0 in organizations operating in the manufacturing sector. The presented results are part of wider research (Michna et al., 2021). Design/methodology/approach: The research methods consist of a comprehensive literature review of the subject under study and the results of empirical research conducted in 2023 based on multiple case study in production companies in Poland. Findings: The study presents the effects achieved by companies after implementing Industry 4.0 solutions, such as: production cost reduction, increase in profits, productivity and production efficiency and improvements in working conditions. Research limitations/implications: The study was conducted in two selected manufacturing plants operating in the Polish market, with the limitation being the sample selection and the subjective assessment of the study participants. Practical implications: The research results provide an overview of potential and achieved effects and changes in the functioning of the enterprise following the implementation of Industry 4.0 technologies. An additional categorization into effects achieved in socio-economic, environmental areas, and overall corporate governance allows for situating the organization's performance in light of recent legislative changes related to the Fit for 55 packages (Fit for 55, 2021). Originality/value: The study can assist practitioners and specialists in Industry 4.0 in analyzing the potential effects of implementing new technological solutions and aid in planning future activities within the organization. Keywords: Industry 4.0, Results, Performance, Production. Category of the paper: Empirical research results.