Chitkara Open Access Journals - Blog

Transformation of the Forest-based Bioeconomy by Embracing Digital Solutions

Author(s):

  • Chihiro WatanabeFaculty of Information Technology, University of Jyväskylä, Finland.; International Institute for Applied Systems Analysis (IIASA), Austria.
  • Nasir Naveed, Kashif Naveed and Pekka NeittaanmäkiFaculty of Information Technology, University of Jyväskylä, Finland

Keywords:

Forest-based bioeconomy, Transformation, Digital solutions, Creative disruption platform, Amazon business model

Abstract:

This paper attempts to explore a new insight to both industrialized and growing economies by demonstrating a digital-driven creative disruption in the forest-based bioeconomy which is beginning to replace its conventional and narrow concept of a forest-blinded economy. Notwithstanding the potential broad cross-sectoral benefits to both industrialized and growing economies, natural environments and locality constraints and the incessant challenge of distance have impeded balanced development of this economy. However, driven by digital solutions the economy has taken big steps forward in recent years. Digitalization has enabled real-time end-to-end supply chain visibility, improved delivery accuracy, stock level optimization and alignment with demand planning….

URL:

https://tmg.chitkara.edu.in/index.php/tmge/article/view/24/14

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