THE ROLE OF DIGITALIZATION FOR GREEN GROWTH AND PERSPECTIVES IN THE CIRCULAR ECONOMY

Authors

  • Tatjana Boshkov Faculty of tourism and business logistics, Goce Delcev University, Stip, North Macedonia
  • Zarko Radenovic

DOI:

https://doi.org/10.46763/YFNTS258114b

Abstract

Digitalization has significantly increased the amount, accuracy and cost of information. From this aspect, digitalization is of particular importance for the development of the circular economy. Taking into account what economic activities encompass the circular economy, it simply represents a necessity for every society and its well-being.

Digital solutions should help in developing business models based on a circular economy, making the processes in companies more efficient in terms of waste minimization, longer product life and reduction of transaction costs. The need for virtualization of processes and product movement, as well as the increase of efficiency in the reuse of products and resources, will enable growth of business models based on CE. Authors of this paper analyze the importance of the circular economy, its potentials and challenges, underlining the benefits of green agenda, green finance, analysis of the business behavior, thus analyzing the challenges of overcoming the current situation and greater movement towards the CE.

 

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Published

02.07.2025

Issue

Vol. 8 (2025): 8th International Scientific Conference "Challenges of Tourism and Business Logistics in the 21st Century"

Section

Business logistics and Business administration

License

The intellectual property and copyright of the original content in all scientific contributions within the published paper shall remain with the authors. The authors grant ISCTBL permission to publish the paper. All authors agree to publish the paper under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND 4.0).