A STUDY OF INDUSTRY 4.0 FOR CIRCULAR ECONOMY AND SUSTAINABLE DEVELOPMENT GOALS IN THE ENVIRONMENT OF VUCA
Shailendra Kumar, Madhur Kumar Dubey, Husain Mehdi, Suneel Kumar Kalla, R. P. Krishanan
Abstract
Sustainability is not only a buzz word but it is the need and being sustainable is the responsibility of mankind for the sake of its future generations. In the present industrial and social environment where mankind cannot ignore its development goals. The contemporary Industry has to excel on both fronts namely sustainability and development goals in the environment of VUCA- Volatility, Uncertainty, Complexity, and Ambiguity. Technologies of 4th industrial revolution (4IR) have the potential and ability of meeting the requirements. The brief paper attempts to capture the need and role of circular Economy for achieving Sustainable Development Goals in the environment of VUCA with the role and features of Industry 4.0 (I4.0) important for sustainable growth in the environment of VUCA under Circular Economy.