QUALITY MANAGEMENT IN INDUSTRY 4.0 IN THE POST-COVID-19 PERIOD FOR ECONOMIC SECURITY AND SUSTAINABLE DEVELOPMENT

Abstract

Unexpected shock hit the world economy in February 2020 when the spread of the COVID-19 virus began worldwide. In this regard, the technology of Industry 4.0 can be an important tool for economic recovery by allowing for sustainable product change. Therefore, it is necessary to measure the global readiness of Industry 4.0 to guide policies in defining the benefits of promoting Industry 4.0 and to unlock its potential in the event of an pandemic (Javaid et al., 2020). In this context, the paper aims to understand the readiness and responsiveness of the various regions in terms of Industry 4.0 before the pandemic and to identify best practices to support companies acquired by Industry 4.0, with a focus on those that promote sustainable practices. The framework for pre-pandemic testing is provided based on two components: the readiness of the firms to invest in Industry 4.0 and the excellent scenario. The study shows a group of regions that are more cautious than the inequality group, especially those related to diversity in the North and South. Considering how "vigilant regions" are likely to successfully manage and overcome the post-COVID-19 problem, it provides an overview of how various regions have sought to promote the adoption of digital technology to improve resilience after a shock. Analysis shows that funding mechanisms are targeted at small and medium enterprises. In addition, tenders promoting the acquisition of Industry 4.0 indicate that collaboration between stakeholders will be critical.

Keywords

• sustainable development
• economic security
• industry 4.0
• post-covid-19 period
• quality management