Towards digitization: current adoption and future outlook for Vietnamese supply chains

Akbari, Mohammadreza, Hopkins, John, and Xuan Vinh, Vo (2021) Towards digitization: current adoption and future outlook for Vietnamese supply chains. In: Proceedings of the International Conference on Business and Finance. From: ICBF 2021: 2nd International Conference on Business and Finance, 27-28 September 2021, Ho Chi Minh City, Vietnam.

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Abstract

As supply chains aim to recover from the sudden impact of COVID-19, this paper investigates the potential of Industry 4.0 technologies toward digital supply chain in emerging economies, as part of that process of recovery. Primary empirical data was collected via an online survey of Vietnamese supply chain experts. Analytical techniques such as correlation, regression, and Monte Carlo simulations were used, to examine the current adoption and usage rates of Industry 4.0 technologies, and gain an insight into the potential impact. The findings indicate that Industry 4.0 technologies are still at an early stage of adoption amongst most Vietnamese supply chain firms, the Internet of Things (IoT) being the most widely adopted technology. Whilst the verdict of this study confirms that some Industry 4.0 technologies are in the initial stages of adoption within the supply chain in emerging economies, they clearly reveal that forecasted investment does not align with the expected impacts. These may raise a concern toward digitalization. The results can shape policymakers, in emerging economies or with a strong influence in them, to prepare for the digital roadmap and thus ensuring focused investment impact.

Item ID: 72666
Item Type: Conference Item (Research - E1)
Keywords: Supply Chain Management; Logistics Management; Supply Chain Disruption; Resilience; Emerging Technologies; Vietnam
Date Deposited: 28 Feb 2022 02:18
FoR Codes: 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3509 Transportation, logistics and supply chains > 350903 Logistics @ 50%
35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3509 Transportation, logistics and supply chains > 350909 Supply chains @ 50%
SEO Codes: 22 INFORMATION AND COMMUNICATION SERVICES > 2204 Information systems, technologies and services > 220407 Human-computer interaction @ 20%
15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150306 Technological and organisational innovation @ 80%
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