Impact of Industry 4.0 on Organizational Performance in Sri Lankan Apparel Industry

Industry 4.0 refers to the fourth industrial revolution, which is characterized by the integration of digital technologies, such as 3D printing, Big Data Analytics, Internet of Things (IoT), Cloud Computing, and Automation. The apparel sector can greatly benefit from Industry 4.0 due to its potential to improve efficiency, reduce costs, and enhance customer experience. The purpose of this study is to evaluate the impact of industry 4.0 on organizational performance in the Sri Lankan apparel industry. This research is conducted based on primary data while gathering data from the managerial-level employees of the local apparel industry. Linear regression has been used as an analytical technique. The results demonstrate that Industry 4.0 has a significant impact on the apparel firms’ performance allowing it to reduce costs and reinforce efficiency. The findings can be valuable for understanding the importance and making the decision on Industry 4.0 technologies for the apparel industry. Yet this research is limited to some of the technologies adopted by the industry where future scholars can examine the implementation of other industry 4.0 technologies and their impact on other manufacturing sectors.