| Title | Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling |
|---|---|
| ID_Doc | 1624 |
| Authors | Watanabe, C; Naveed, N; Neittaanmäki, P |
| Title | Digitalized bioeconomy: Planned obsolescence-driven circular economy enabled by Co-Evolutionary coupling |
| Year | 2019 |
| Published | |
| Abstract | Driven by digital solutions, the bioeconomy is taking major steps forward in recent years toward achievement of the long-lasting goal of transition from a traditional fossil economy to a bioeconomy-based circular economy. The coupling of digitalization and bioeconomy is leading towards a digitalized bioeconomy that can satisfy the shift in consumers' preferences for eco-consciousness, which in turn induces coupling of up-down stream operation in the value chain. Thus, the co-evolution of the coupling of digitalization and bioeconomy and of upstream and downstream operations is transforming the forest-based bioeconomy into a digital platform industry. Aiming at addressing this transformation, a model was developed that explains above mentioned dynamism and demonstrated its reliability through an empirical analysis focusing on the development trajectory of UPM (forest-based ecosystem leader in Europe and a world pioneer in the circular economy) over the last quarter century, highlighting its efforts towards planned obsolescence-driven circular economy. It was comprehended that with the advancement of digital innovations, UPM has incorporated a self-propagating function that accelerates digital solution. Furthermore, this self-propagating function was triggered by coupling with a downstream leader, Amazon, in the United States. The dynamism in transforming a forest-based bioeconomy into a digital platform industry is thus clarified, and new insights common to all industries in the digital economy are provided. |
Similar Articles
| ID | Score | Article |
|---|---|---|
21566
|
Naveed, N; Watanabe, C; Neittaanmäki, P Co-evolutionary coupling leads a way to a novel concept of R&D - Lessons from digitalized bioeconomy(2020) | |
| 966
|
Dabija, D; Nastase, C Exploring the Evolution of Sustainability Paradigms: From Linear to Circular Economy Models(2024)Proceedings Of The International Conference On Business Excellence, 18, 1 | |
| 2369
|
Alhawari, O; Awan, U; Bhutta, MKS; Ülkü, MA Insights from Circular Economy Literature: A Review of Extant Definitions and Unravelling Paths to Future Research(2021)Sustainability, 13, 2 | |
| 273
|
Burmaoglu, S; Gungor, DO; Kirbac, A; Saritas, O Future research avenues at the nexus of circular economy and digitalization(2023)International Journal Of Productivity And Performance Management, 72, 8 |