Triple Bottom Line Sustainability and Industry 4.0 Implementation in Indian MSMEs: A Conceptual Model

Abstract

According to the current state of MSMEs in India, medium-scale enterprises have more mature technology than micro- and small enterprises. As a result, MSMEs choose to invest in such systems in small amounts and many MSMEs are constrained by financial constraints and must first demonstrate a return on investment before allowing their top management, customers, and its employees to use the technology. Studies that utilized non-empirically valid metrics included those that relied on literature reviews or case studies as a source of data. Consequently, there is a considerable gap in understanding when it comes to building a comprehensive performance monitoring system for sustainable manufacturing (SM) in the context of Industry 4.0. For the practitioner’s point of view to be valid, it has to be studied empirically in the context of Industry 4.0. By understanding and summarizing existing research efforts, identifying relevant research themes, and identifying proper research gaps and opportunities for future development, the study aims to determine how sustainable manufacturing research contributes to the development of the Industry 4.0 strategy and to a broader understanding of the connections between the two.