Transformation of the Forest-based Bioeconomy by Embracing Digital Solutions

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. These have led to digital ecosystem collaboration and a transparency crossover industrialized and growing economies worldwide. Thus, creative disruptive platform has emerged by embracing digital solutions. By means of an empirical analysis focusing on the noteworthy business activities at the forefront of both upstream and downstream of the chain, this paper demonstrates a transforming stream observed in the forefront of a forest-based bioeconomy chain. This research thus explores a new insight common to both industrialized and growing economies in constructing a creative disruption platform by embracing digital solutions.
Main Authors
Format
Articles Research article
Published
2017
Series
Subjects
Publication in research information system
Publisher
Chitkara University
Original source
https://tmg.chitkara.edu.in/index.php/tmge/article/view/24
The permanent address of the publication
https://urn.fi/URN:NBN:fi:jyu-201712154723Use this for linking
Review status
Peer reviewed
ISSN
0976-545X
DOI
https://doi.org/10.15415/jtmge.2017.82005
Language
English
Published in
Journal of Technology Management for Growing Economies
Citation
  • Watanabe, C., Naveed, N., Naveed, K., & Neittaanmäki, P. (2017). Transformation of the Forest-based Bioeconomy by Embracing Digital Solutions. Journal of Technology Management for Growing Economies, 8(2), 191-214. https://doi.org/10.15415/jtmge.2017.82005
License
Open Access
Copyright© 2017 Chitkara University. This is an open access article.

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