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Evolution of Business Continuity Management Strategies Amid Energy Crises: Emerging Trends in Energy Resilience Within Industry 4.0

Year: 2024

Type: article

Abstract: The rise of advanced digital technologies (ADT) within Industry 4.0 has transformed modern industrial operations, with select industry leaders emerging as pioneers in the integration of these technologies.This has positioned them as benchmarks for companies with limited digital capabilities.The vulnerabilities of Industry 4.0 to external disruptions, including natural disasters such as the earthquakes in Japan and Turkey, the COVID-19 pandemic, and especially the ongoing energy crises, exemplified by the war in Ukraine and sanctions on the Russian Federation, have necessitated a shift in business continuity management (BCM) strategies.Traditionally focused on safeguarding information technologies, BCM now places greater emphasis on ensuring energy independence and reducing reliance on state-controlled critical infrastructure.In response to these risks, enterprises are increasingly adopting resilient production models designed to restore functionality after cyberattacks, solar flares, extended power outages, and internet disruptions.The journey toward energy independence spans from initial recognition of the need for action to the implementation of robust solutions, such as Faraday cages for server protection and off-grid energy systems.While rare a decade ago, energy-independent enterprises are becoming more common, as illustrated by the copper smelter in Sevojno, a pioneering example.The acceleration of energy independence among companies has been driven by a series of crises, prompting significant BCM advancements.Early responses to these threats primarily focused on information technology (IT) disaster management methodologies, but Industry 4.0 discussions have evolved toward risk-resilient production systems.This study explores theoretical approaches to enhancing enterprise resilience to modern energy challenges, offering insight into emerging strategies aimed at safeguarding continuity in an increasingly volatile global landscape.

Source: Opportunities and Challenges in Sustainability

DOI: 10.56578/ocs030303

Authors: Igor Lavrnić, Milivoje Jovanović, Minja Marinović, Dejan Viduka

Institution: University of Belgrade

Language: English

Topic: Supply Chain Resilience and Risk Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Affordable and clean energy

Open Access status: hybrid

OpenAlex ID: W4405122939