Technological Determinants of Economic Efficiency in the Food Manufacturing Industry: An Applied Analysis

Article DOI: https://doi.org/10.57017/jaes.v21.2(92).13

Author(s):

Oleksandr BOZHOK Department of Tourism, Hotel and Restaurant Business, Vinnytsia Institute of Trade and Economics, State University, Ukraine
Andrian ULINICI Department of Finance and Accounting, Faculty of Economic Sciences, University of European Studies of Moldova, Republica Moldova
Inna MINIAILENKO Department of Economics, Entrepreneurship and Marketing, Educational and Scientific Institute of Finance, Economics, Management and Law, National University "Yuriy Kondratyuk Poltava Polytechnic, Ukraine
Maksym SYNYAVSKYY Department of Staff and Marketing Management, Faculty of Economics, Zaporizhzhia National University, Ukraine
Lilia BUBLYK Department of Organisational Management, Lviv Politechnic National University, Ukraine

Abstract:

This paper examines the impact of innovative technologies on the economic efficiency of food manufacturing enterprises under conditions of market volatility and sustainability pressures. Addressing the lack of empirical evidence in existing literature, the research develops an integrated framework combining technological clustering and econometric modelling.

Based on a dataset of 20 technologies (2020–2025), the study estimates β-coefficients for key performance indicators, including return on investment (ROI), cost efficiency, and productivity. The results confirm a strong and statistically significant relationship between technological adoption and economic performance (R² = 0.713). Digital technologies, particularly Machine Vision, Big Data analytics, and Smart Packaging, demonstrate the highest aggregated impact.

The findings indicate that optimized technology portfolios can increase ROI by 19–26%, reduce unit costs by up to 18%, and improve labour productivity by approximately 25%. The study contributes a quantitative, multi-criteria framework linking technological innovation with economic efficiency and supporting strategic investment decision-making.

Copyright© 2026 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.

Article’s History: Received 28th of January, 2025; Revised 4th of March, 2025; Accepted 19th of March, 2025; Available online: 30th of March, 2026. Published as article in the Volume XXI, Spring, Issue 2(92), March, 2026.

How to cite:

Bozhok, O., Ulinici, A., Miniailenko, I., Synyavskyy, M., & Bublyk, L. (2026). Technological Determinants of Economic Efficiency in the Food Manufacturing Industry: An Applied Analysis. Journal of Applied Economic Sciences, Volume XXI, Spring, 2(92), 613 – 633. https://doi.org/10.57017/jaes.v21.2(92).13

Conflict of Interest Statement: The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.

Acknowledgments/Funding: N/A.

Data Availability Statement: The data that support the findings of this study are available from the corresponding author upon reasonable request.

Ethical Approval Statement: This study does not involve human participants, personal data, or experimental interventions. The research is based on secondary data, industry reports, and publicly available sources. Therefore, no ethical approval was required.

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