Research Paper on Impact of Industry 4.0 on Sustainable Production and Circular Economy with mediating effect of Industrial Dynamism

Abstract

Economic development becomes possible when all of the sectors of the country work  efficiently. Productivity and profitability is being affected with the passage of time and introduction of the different production techniques. The emergence of technology and machinery boosts output to a new level. Nowadays the fourth generation of industrial revolution leading the manaufacturing sectors to the new peak level. This revolution is being utilized by the textile sectors of Pakistan. Objective of the current study to assess the impact of the Industry 4.0 implementation in the manaufacturing sector prodcuctivity and profitability. The textile sector of Pakistan is being chosen to study the impact. The study's results indicate that Industry 4.0 implementation contributes a lot in economic development of the country too. Results of the study can be generalized in the industrial sector as well as these can be used by the academicians to improve the industrial related course content for upcoming professionals and scholars.