Abstract
Digital Solutions in the Forest-Based Bioeconomy
Highlights
IntroductionThe human activities are depleting available resources that mainly come from the processes such as mining and petrochemicals
Societies need to manage the resources much more efficiently and increase the dependence on renewable resource. The consequences of this will lead to more sustainable bioeconomy from a traditional fossil economy
The bioeconomy is considered as the economy relying on the production of renewable biological resources and their use for food, feed, bio-based products, and bioenergy [1]
Summary
The human activities are depleting available resources that mainly come from the processes such as mining and petrochemicals. Societies need to manage the resources much more efficiently and increase the dependence on renewable resource The consequences of this will lead to more sustainable bioeconomy from a traditional fossil economy. The new industrial revolution based on new digital developments will enable the integration of dynamic supply chains, end-to-end supply chain visibility, stock level optimization, elimination of distance between upstream and downstream of the chain, and interaction among different industries and sectors All these developments will lead forest-based bioeconomy to a consolidated platform ecosystem [5]. They discussed that knowledge on economics, politics, markets, and marketing is vital to realize the challenges, barriers, and opportunities as well as to support business and policy strategies The mega forces such as climate change and resource scarcity are perceived more as opportunities than threats in European pulp and paper industry because pulp and paper industry is diversifying their product portfolio [9] by fostering digital solutions.
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