THE CHALLENGE OF IMPLEMENTATION OF INDUSTRIAL REVOLUTION 4.0 IN SHIP BUILDING INDUSTRIES OF BANGLADESH

Abstract

This abstract defines a research study focused on examining the potential impact of the fourth industrial revolution (IR 4.0) on the shipbuilding industry in Bangladesh. It begins by acknowledging the global influence of IR 4.0 on various industries, including shipbuilding, and highlights the need for Bangladesh to adapt to remain competitive in the international market. The study first conducts a thorough review of the current state of the shipbuilding industry in Bangladesh, encompassing infrastructure capacity, technological investment, manpower, and management systems. Through literature review and field surveys, the research identifies areas within the shipbuilding industry that are likely to be affected by IR 4.0. To gain deeper insights, the study employs a semi-structured and open-ended questionnaire, administered to relevant stakeholders through in-person and online interviews. The data gathered from these interviews is transcribed and analyzed thematically to discern patterns and key themes. Subsequently, a SWOT analysis is conducted to evaluate the strengths, weaknesses, opportunities, and threats associated with the adoption of IR 4.0 in the shipbuilding industry of Bangladesh. The analysis reveals potential benefits of IR 4.0 adoption but also highlights significant challenges that must be addressed before implementation. In conclusion, the abstract suggests strategies to overcome the identified challenges and advance the shipbuilding industry in Bangladesh. Overall, the research aims to provide valuable insights into the implications of IR 4.0 for the shipbuilding sector in Bangladesh and offer recommendations for its successful integration.