Purpose. Literature verifies that Industry 4.0 allows SMEs to improve global markets strategies. The paper explores the effects of Industry 4.0 on different export dimensions in manufacturing SMEs. Methodology. The analysis is carried out on a statistically representative sample of 2,972 Italian manufacturing SMEs in 2022. The study measures Industry 4.0 as higher number of 4.0 technologies adopted. Export is analyzed in five dimensions, namely: exporting status; export regularity; newness of exporting status; export intensity; export growth. The analysis carries out five regressions controlled for a set of variables on factors that may influence SMEs’ propensity to 4.0 transformation and export. Findings. The results verify the existence of several positive and statistically significant effects of Industry 4.0 on different export dimensions. In particular, SMEs adopting 4.0 technologies obtain an increase on export intensity considered as share of foreign sales on total sales. Practical implications. The study supports the need for managers to align their technological investments and export strategies, suggesting that a synergistic implementation enhances effectiveness in terms of SMEs integration in global markets. Limitations. Industry 4.0 requires significant investments and resource allocation that should be considered in future studies in addition to moderating effects and cross-countries analysis. Originality. The originality of the study lies in empirically testing that Industry 4.0, highly based on digitalization, goes further that by improving through strategic and operational changes the impact on SMEs’ export, and opening up to future research, exploring the mechanism of this complex phenomenon.
Effects of Industry 4.0 on different export dimensions: empirical analysis on manufacturing SMEs
Cugno, M.;Castagnoli, R.
;Buchi, G.;
2024-01-01
Abstract
Purpose. Literature verifies that Industry 4.0 allows SMEs to improve global markets strategies. The paper explores the effects of Industry 4.0 on different export dimensions in manufacturing SMEs. Methodology. The analysis is carried out on a statistically representative sample of 2,972 Italian manufacturing SMEs in 2022. The study measures Industry 4.0 as higher number of 4.0 technologies adopted. Export is analyzed in five dimensions, namely: exporting status; export regularity; newness of exporting status; export intensity; export growth. The analysis carries out five regressions controlled for a set of variables on factors that may influence SMEs’ propensity to 4.0 transformation and export. Findings. The results verify the existence of several positive and statistically significant effects of Industry 4.0 on different export dimensions. In particular, SMEs adopting 4.0 technologies obtain an increase on export intensity considered as share of foreign sales on total sales. Practical implications. The study supports the need for managers to align their technological investments and export strategies, suggesting that a synergistic implementation enhances effectiveness in terms of SMEs integration in global markets. Limitations. Industry 4.0 requires significant investments and resource allocation that should be considered in future studies in addition to moderating effects and cross-countries analysis. Originality. The originality of the study lies in empirically testing that Industry 4.0, highly based on digitalization, goes further that by improving through strategic and operational changes the impact on SMEs’ export, and opening up to future research, exploring the mechanism of this complex phenomenon.File | Dimensione | Formato | |
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