The Nexus between Smart Sensors and the Bankruptcy Protection of SMEs.

Transportation, logistics, storage, and many other sectors provide a wide space for applying Industry 4.0. This era, with its components, represents the equipment necessary to obtain a unique competitive advantage. Being smart through sensors, big data, and digitalization corresponds not only to evolution but also provides protection for businesses in the face of depression. The COVID-19 pandemic caused collapses and defects for very large enterprises and large enterprises, especially for small and medium-sized enterprises (SMEs). This article focuses on SMEs and their profits from using smart sensors. Thus, the aim was to expose the striking effect of Industry 4.0 on earnings during the crisis in the Visegrad Four. The Mann-Kendall trend was used to map the consequences contrasting the period of 2016-2021. The investigation involved samples from 1221 Slovak, 259 Czech, 855 Polish, and 2156 Hungarian enterprises. The results showed that more than 80% of businesses did not have a negative trend in how their earnings changed over time. This fact was confirmed by a z-test for the comparison of one proportion for each analyzed country. The adaptation to Industry 4.0 strengthened the muscle for bankruptcy resilience during the crisis. In addition, it may encourage enterprises to be smart in the same or different sectors.

Pandemic power grab

Is Covid-19 undermining European democracies? Recent scholarship overlooks the fact that most pandemic-related erosions of democracy can be attributed to illiberal inertia long in place before 2019. Did the democratic decay occur during the pandemic or due to the pandemic? We analyse the extent to which pandemic power grabs succeeded and failed in Europe with special attention to the Czech Republic, Hungary, Poland, and Slovakia. The executive power of the purse was an opportunity to abuse state resources. Governments that engage in the "pandemic heist" with impunity can be directly linked to a power grab due to the pandemic.