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The paper aims to identify how Industry 4.0 technologies affect the quality and speed of the managers’ decision-making process across the different stages of the value chain, based on the example of the manufacturing sector. The paper adopts qualitative research, based on nine in-depth interviews with key informants, to capture senior executives’ experiences with implementing Industry 4.0 technologies in their organisations. The research is focused on three manufacturing industries: the automotive, food and furniture industries. The research shows that depending on the stage of the value chain, different Industry 4.0 technologies are more suitable for the support of managers’ decisions. Various Industry 4.0 technologies support decision-making at different stages of the manufacturing value chain. In the Design stage, 3D printing and scanning technologies play a crucial role. In the case of Inbound Logistics, robotisation, automation, Big Data analysis, and Business Intelligence are most useful. During the Manufacturing stage, robotisation, automation, 3D printing, scanning, Business Intelligence, cloud computing, and machine-to-machine (M2M) integration enable quick decision-making and speed up production. Sensors and the Internet of Things (IoT) optimise distribution in the Outbound Logistics stage. And finally, Business Intelligence supports decisions within the Sales and Marketing stage. It is also the most versatile technology among all particular stages. The paper provides empirical evidence on the Industry 4.0 technology support in decision-making at different stages of the manufacturing value chain, which leads to more effective value chain management, ensuring faster and more accurate decisions at each value-chain stage. When using properly selected Industry 4.0 technologies, managers can optimise their production processes, reduce costs, avoid errors and improve customer satisfaction. Simultaneously, Industry 4.0 technologies facilitate predictive analytics to forecast and anticipate future demand, quality issues, and potential risks. This knowledge allows organisations to make better decisions and take proactive actions to prevent problems.

This article analyzes the grounds and possibility to induce and develop reshoring activities in the luxury goods sector. The premise of this analysis is the contemporary redefinition of the luxury goods sector, which relates to the increasing volume of goods marketed as luxuries. In this paper, we examine whether reshoring can develop in a similar manner on the respective tiers of the luxury ladder in the luxury fashion, automotive, and jewelry industries. Both premises and examples of reshoring in the luxury goods sector are conceptually analyzed and empirically illustrated.

This article analyzes the grounds and possibility to induce and develop reshoring activities in the luxury goods sector. The premise of this analysis is the contemporary redefinition of the luxury goods sector, which relates to the increasing volume of goods marketed as luxuries. In this paper, we examine whether reshoring can develop in a similar manner on the respective tiers of the luxury ladder in the luxury fashion, automotive, and jewelry industries. Both premises and examples of reshoring in the luxury goods sector are conceptually analyzed and empirically illustrated. [ABSTRACT FROM AUTHOR]

RESEARCH OBJECTIVE: The main goal of the article is to diagnose the current position of China in the international arena and to identify the strategic challenges that the government in Beijing will have to face within the currently implemented 13th Five-Year Plan. THE RESEARCH PROBLEM AND METHODS: Article has a descriptive and analytical nature. The purposes of this study required constructive criticism of literature and making an analysis of selected statistical data provided by international institutions. THE PROCESS OF ARGUMENTATION: The state of Chinese economy was presented, noting the gradual change of development model and implemented internal reforms. The next part includes the outline of the main international initiatives which are aimed at strengthening the political and economic position of the PRC. Then the strategic challenges for the PRC, which condition its further development were presented. The final part of this article includes a summary and conclusions. RESEARCH RESULTS: Firstly, the issue of economic relations built by China is strictly subordinated to the government policy, which is reflected in the 5-year plans, catalogues of preferred inward and outward foreign investment and the initiatives taken at international level. Secondly, the further pursuit of China to become a superpower will require profound changes, mostly related to the liberalization of investment policy, reforms of state-owned enterprises, further internationalization of RMB and demographic issues. CONCLUSIONS, INNOVATIONS AND RECOMMENDATIONS: Despite the growing opinion among scientists, politicians and journalists, China is not yet holding the leading position in the political and economic world, although it should be noted the weakening role of the United States and EU in certain regions of the world. [ABSTRACT FROM AUTHOR]