Digitalization of circular economy business model : a literature review framework

Abstract

Today, the transition of the economy to a closed-loop system is strongly facilitated by digitalization processes. Such a transition can greatly simplify the implementation of work processes: you can learn about the availability, dimensions and states of objects. Monitor the quality of your products and services and adjust the time frames for processes. The main benefit of digitalization can be said to be significant overall efficiency gains, especially in closed-economy trading models. However, it never happens that there are no problems anywhere. Works published on the topic of researching opportunities, problems with the use of digital technologies, began to appear in large quantities relatively recently. This affects the availability of such information. Therefore, this work is written with the aim of clarifying the various points of view presented in the literature. We also examined how and how business models of a closed economy use the means and methods of digitalization. This paper identifies current research gaps and provides space for further theoretical and empirical research.