CHALLENGES OF MANAGING INDUSTRY 5.0 FOR SUSTAINABILITY IN THE 21ST CENTURY

Main Article Content

Suradetch Wangthong
Nhatphaphat Juicharoen
Nuttawut Rojniruttikul

Abstract

As a result of Industry 4.0 is still unable to achieve the desired results, it also ignores environmental issues and places prioritizing machines over humans. The trend of transitioning to Industry 5.0 has therefore begun to be of interest by realizing “People-Planet-Prosperity” is the main issues. Industry 5.0 represents systemic change and business innovations that drive the transformation toward a more sustainable and human-centric industry. This article aims to understand the concepts of Industry 5.0 through academic papers from internationally recognized databases. Four key themes can be identified: (1) technology application in Industry 5.0, (2) human resources in Industry 5.0, (3) education and training in Industry 5.0, and (4) corporate sustainability in Industry 5.0. These aspects will form the basis for future research. However, there is currently little research on Industry 5.0. Future research should deeply explore innovative business models to lead organizations into the industrial revolution in the 5th era based on sustainability issues, a human-centric approach, new economic directions, and new business models. These will be great challenges for those involved.

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Academic Article

References

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