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.
Highlights
The forest-based bioeconomy is beginning to replace its conventional and narrow concept of a forest-blinded economy
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
Within the forest-based bioeconomy of Europe, pulp and paper is an important industry which accounts for approximately 150 million cubic meter of wood consumption annually and adds 15 billion euros to the Gross Domestic Product (GDP) of European Union. (CEPI, 2014)
Summary
The forest-based bioeconomy is beginning to replace its conventional and narrow concept of a forest-blinded economy. The forest-based bioeconomy is an important sub-sector of the bio-based economy where forests are anticipated to deliver a significant contribution of biomass (Hetemaki, 2014; Scarlat et al, 2015). Within the forest-based bioeconomy of Europe, pulp and paper is an important industry which accounts for approximately 150 million cubic meter of wood consumption annually and adds 15 billion euros to the Gross Domestic Product (GDP) of European Union. Pulp and paper industry accounts for 2/3 of the total production value of the Finnish forest industry as illustrated in Fig. Journal of Technology Management for Growing Economies, Volume 8, Number 2, October 2017
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