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The Transformational Impact of Industry 4.0 on the Wine Marketing and Wine Sector

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December 31, 2023
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Copyright (c) 2023 Gyarmati Gábor, Prof. Dr. Szakály Zoltán

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This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.

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Selected Style: APA
Gyarmati, G., & Szakály, Z. (2023). The Transformational Impact of Industry 4.0 on the Wine Marketing and Wine Sector. Táplálkozásmarketing, 10(2), 55-64. https://doi.org/10.20494/TM/10/2/6
Abstract

Industry 4.0 - like other industries - is transforming the wine sector. From viticulture to winemaking processes to wine marketing and sales, Industry 4.0 technologies have appeared everywhere and have proven to be effective with numerous best practices. It can be stated that sooner or later every serious market participant will incorporate some of Industry 4.0's solutions into their business strategy - otherwise, they will suffer from a difficult-to-catch and manage competitive disadvantage. This study summarizes the processes and main characteristics of the first three industrial revolutions, then analyzes in more detail the fourth industrial revolution and the concept of Industry 4.0, its events, the development opportunities inherent in Industry 4.0 innovations, and certain social risks as well. Subsequently, using case studies and examples uncovered through literature research, it illustrates the connection points between Industry 4.0 and the wine industry - primarily wine marketing.

JEL Codes: O3, O4, M310, M370, Z310, Z330