Smart Green Innovations In Industry 4 0

This book is concerned with the study of climate change from the perspective of risks for the economy and business. Rethinking climate change from a risk perspective allows making a significant transition from the consideration of climate as a predetermined and permanent context to its interpretation as a factor that influences the economy and business. Thanks to the new risk perspective on climate change, the book offers opportunities and offers recommendations for adapting businesses and economic sectors to climate risks. As a forward-looking response (management measure) to the risks of climate change in the economy and business, this book suggests using smart green innovations in Industry 4.0 – high technologies in support of the sustainable development goals (SDGs). The advantage of smart technologies to combat climate change is their increased flexibility and adaptability, as well as the resistance of smart (automated, robotic) machines to different environmental conditions. The academic significance of the book is attributable to the fact that it covers, as widely and comprehensively as possible, the full range of ground-breaking smart green innovations in Industry 4.0 with a potential of climate change risk management: from green finance (for example, blockchain-based cryptocurrencies) to smart and clean energy, as well as smart industrial innovations in Industry 4.0. The combination of public and corporate risk management measures of climate change allows achieving a “synergetic effect” in the form of enhanced support for the implementation of the SDGs.

This book is devoted to strengthening the theoretical and methodological basis, systematization of international experience, and scientific elaboration of prospects for developing a climate-smart economy and business as a vector of the sustainable development of Industry 4.0 in the Decade of Action. The first part of the book focuses on climate-responsible entrepreneurship in support of the sustainable development of Industry 4.0. The part systematizes best practices for climate-smart green innovations across sectors of the digital economy. The third part reveals the experience of climate risk management based on smart green innovations in regions and countries. Particular attention is paid to the best practices of the European Union (EU) and the Eurasian Economic Union (EAEU). The book ends with part four, which explores ESG climate risk management and green finance in support of combating climate change. The book’s novelty is that it rethinks the environmental footprints of Industry 4.0 from the perspective of climate risks and their management. The theoretical significance of the book lies in the formation of an innovative concept of climate change risk management, in which the economy, society, nature, and technology are presented and interact effectively. The book is intended for scientists. In this book, they will find an innovative and systemic vision of smart green innovations in Industry 4.0 for climate change risk management.

With the introduction of Industry 4.0 in manufacturing industries, the paradigm shift from conventional to green manufacturing is quite evident. Manufacturing industries achieving sustainability objectives is now the prime concern. This paradigm creates more efficient products using green processes and practices (i.e., those that produce minimal environment hazardous waste). This book provides an overview of the broad field of research on green manufacturing with a focus on the Fourth Industrial Revolution to encourage interest in the topic. It includes the dissemination of original findings on Industry 4.0 pathways and practices applied to green manufacturing development, as well as the contribution of new perspectives and roadmaps to those eager to realize the benefits of Industry 4.0 to transform the manufacturing sector into a more environment-friendly state. This book shows how the innovations of Industry 4.0 work together to improve society, save lives, create efficiencies, and ultimately achieve the objectives of sustainability. To develop a smart green manufacturing technology, it is important to understand the prerequisites, technological developments, and technological aspects that conceptually describe this transformation. This understanding should also include practices, models, and real-world experiences. At the same time, the goal is to comprehend how Industry 4.0 technologies and smart products could result in environmental, economic, and social benefits. Essentially, the goal of this book is to provide the fundamentals of the cutting-edge smart technology-driven production maneuver known as Industry 4.0, primarily to determine and validate its potential as a practice that promotes green manufacturing to ultimately revolutionize the competitiveness of businesses and regions.

Industry 4.0 technologies are expected to have a positive impact on the global economy by promoting autonomous interoperability, agility, flexibility, decision-making, efficiency or cost reduction, which are also expected to be resource efficient. However, new and emerging technologies can also have potentially harmful social and environmental impacts that must be considered. The goal of this book is to provide a deeper understanding of how Industry 4.0 technologies can benefit or harm the environmental sustainability of companies. To this end, it presents a classification of Industry 4.0 technologies and evaluates for each typology the positive and negative aspects of their implementation. Thus, the book considers Industry 4.0 technology and environmental sustainability from the perspective of management on the one hand and from the perspective of technology users on the other. The book is of interest to researchers from various disciplines who approach Industry 4.0 technologies from a business perspective, and on the other hand to managers and strategic consultants who want to promote sustainable change in their companies.

A large and growing number of manufacturers are realizing the substantial financial and environmental benefits of sustainable business practices. To develop more sustainable societies, industries need to better understand how to respond to environmental, economic, and social challenges and transform industrial behavior. The objective of this book is to provide the required knowledge and accelerate the transition towards a sustainable industrial system. The book will help industries to enhance operational efficiency by reducing costs and waste. It will help them increase customer response, reach new customers, and gain competitive advantage. It offers innovation, scenario planning, and strategic analysis that goes beyond compliance, as well as case studies and remedies to the industry 4.0 challenges. Professionals, as well as students, can refer to this book to add to their knowledge on Industry 4.0 and develop new ideas and solutions to the existing and future problems.

This book provides a comprehensive exchange of information on current developments in the field of sustainable management of manufacturing systems and Industry 4.0. The authors’ ambition is to establish channels of communication and disseminate knowledge among professionals working in smart manufacturing and related institutions. The book brings together world-leading academics and practitioners from the fields of engineering, infrastructure planning, manufacturing management, and economics. The unique combination of fields and disciplines focused on Industry 4.0 provides presents opportunities to create a bridge between science and practice.

Smart applications are transforming conventional supply chains into digital ones. To compete in today’s competitive market, organizations must utilize the merits of the Fourth Industrial Revolution while being sustainable, lean, and eco-conscious. Smart and Sustainable Operations and Supply Chain Management in Industry 4.0 closes the gap and provides novel ideas, research, and applications. This book discusses smart and sustainable supply chain management concepts that are analyzed within the Industry 4.0 perspective. It also highlights green systems and smart applications within an Industry 4.0 setting. The book presents the latest technological developments, including disruptive technologies and their impact on smart and sustainable supply chains under the triple bottom line approach. For easy reader comprehension, each chapter will include a case study, a related problem, or a numerical example, as well as the solution. This book is written for academicians, practitioners, PhD students, and researchers involved in this area.

Industry 4.0 promises tremendous opportunities for industries to go green by leveraging virtual physical systems and internet driven technologies for a competitive advantage and set the platform for the factory of the future and smart manufacturing. The book provides measures that can be adopted by practicing design engineers, to develop products that will be sustainable in all stages of its life cycle. It helps organizations in implementation of sustainable manufacturing practices and formulation of critical strategies in their transition towards Industry 4.0., and the book will provide insights on ways of deploying these practices in correlation with the environmental benefits mapped to support the practicing managers and stakeholders. Features Assists in the understanding of the shifting paradigm in manufacturing sector towards smart and sustainable practices Showcases contemporary technologies and their insurgence in existing industries Focuses on need, applications, and implementation framework for Industry 4.0 Encapsulates all that one has to learn about sustainability and its transformation in Industry 4.0 Real time case studies are presented