Adapting Russian industry to regional social and economic changes: challenges and prospects

A comprehensive analysis of the process of adapting Russian industry to modern challenges and the search for ways to improve its competitiveness under rapid changes in social and economic conditions of regional functioning has been carried out. The adaptation mechanisms of regional industrial sectors development under the influence of modern trends of changes in the social and economic sphere and transformation in society and economy in Russia have been considered. The regional industry as the main structural element of the national economy in the process of adaptation to these changes has been studied. The main factors causing the process of stagnation of start-up adaptation development of the industrial sector have been revealed: highly qualified personnel volume deficit, motivational issues, the need for production automation and digitalization in conjunction with the low level of material and technical base of a number of enterprises in the regions, the lack of production digitalization, production volume reduction within the framework of export sales caused by sanctions, as well as internal reasons that force to search for ways of the regional industry adaptation to the changes in the social and economic situation in Russia. Methods of data classification and systematization, visualization of information and analytical indicators, factor analysis, holographic method of literary sources analysis, methods of information analysis and synthesis were used. A systematic approach to the study of the stated research topic has been applied. On the basis of the conducted research it has been concluded that the regional industry should promptly respond to external and internal factors with the help of available tools such as increasing the investment attractiveness of enterprises, priority sectors development considering their territorial characteristics, thus ensuring the regional industrial complex development considering the innovative nature of adapted production processes. For developing this system it is necessary to modernize organizational and management structures and to create fundamental foundations for the opportunities to overcome crisis situations in industry against the background of social and economic society transformations.