| 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 |
|
| DOI |
10.1016/j.techsoc.2018.09.002 |
| 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. |
| Author Keywords |
Digitalized bioeconomy; Digital-bio coupling; Upstream-downstream coupling; Circular economy; Planned obsolescence |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000458621800003 |
| WoS Category |
Social Issues; Social Sciences, Interdisciplinary |
| Research Area |
Social Issues; Social Sciences - Other Topics |
| PDF |
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