Publication: Digital Distilleries: Navigating Industry 4.0 Trends in Sri Lanka’s Beverage Industry
Type:
Article
Date
2024-12-10
Journal Title
Journal ISSN
Volume Title
Publisher
ICSDB 2024 and SLIIT Business School
Abstract
Industry 4.0 is a rapidly evolving paradigm allowing industries to explore digital
transformation opportunities to provide services and products to both existing and new markets
at competitive prices. Developed nations have largely capitalized on Industry 4.0, creating fresh
market opportunities by embedding advanced technologies in industrial processes. This research
assesses the readiness for implementing Industry 4.0 in Sri Lanka’s beverage sector through
primary data. Using focus group interviews with managerial-level employees in large-scale
beverage firms, this study identifies technical, operational, and market/environmental factors as
key influences in adopting Industry 4.0 in this sector. The findings contribute actionable insights
into strategic pathways for digital transformation.
Description
Keywords
Beverage Industry, Digitization, Industry 4.0, Manufacturing Industry, Technology
