Exploring the integration of circular economy and digitalization: current research progress and trends

Keywords: innovations, technology integration, collaborative methodologies, digitalization, circular economy, economic paradigms, emerging information technology, strategic blueprints, progress, trends, advanced data analytics.

Abstract

The European Union robustly advocates the circular economy model as a foundation for sustainable business growth. However, the adoption rate by businesses remains tepid. Simultaneously, the Fourth Industrial Revolution underscores digitalization's potential for transformation. Many studies point to the role of digital tools in accelerating the circular economy. However, the nexus between digital technology and circular economy principles is a budding and rapidly evolving academic area. While ample research addresses digitalization and the circular economy independently, holistic studies merging the two are limited. This article aims to dissect the current trajectory and future directions of research that integrates both domains, offering deep insights for subsequent scholarly explorations. We employed a bibliometric approach, extracting literature chiefly from the Web of Science database and applying VOSviewer software for keyword association visualizations. Our analysis encompasses varied aspects, from publication trends to interdisciplinary intersections and practical implementations.

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Author Biographies

Tetiana Gorokhova, Centre for Advanced Internet Studies, Bochum, Germany.

PhD, Associate Professor, Centre for Advanced Internet Studies, Bochum, Germany.

Maryna Kravchenko, Priazovsky State Technical University, Dnipro, Ukraine.

PhD, Associate Professor, Transport Management and Logistics Department, Educational and Scientific Institute of Economics and Management, Priazovsky State Technical University, Dnipro, Ukraine.

Hanna Muterko, Priazovsky State Technical University, Dnipro, Ukraine.

PhD, Associate Professor, Department of Enterprise Economics, Priazovsky State Technical University, Dnipro, Ukraine.

Irina Korostova, Priazovsky State Technical University, Dnipro, Ukraine.

Candidate of Economic Sciences, Department of Marketing and Business Administration, Educational and Scientific Institute of Economic and Management, Priazovsky State Technical University, Dnipro, Ukraine.

Mykhailo Lukash, Priazovsky State Technical University, Dnipro, Ukraine.

Postgraduate Student, Educational and Scientific Institute of Economics and Management, Priazovsky State Technical University, Dnipro, Ukraine.

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Published
2024-01-30
How to Cite
Gorokhova, T., Kravchenko, M., Muterko, H., Korostova, I., & Lukash, M. (2024). Exploring the integration of circular economy and digitalization: current research progress and trends. Amazonia Investiga, 13(73), 297-306. https://doi.org/10.34069/AI/2024.73.01.25
Section
Articles
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