Digitalization of the Supply Chain in Support of the Circular Economy

Abstract

Abstract: The aim of this paper is to investigate the role of digitization of business processes in supply chain management and its contribution to the implementation of circular economy principles. Special focus is placed on the possibility of unifying data from various specialized software solutions to enable more efficient analysis of supply chain performance and making informed decisions that support sustainable development.

The methodology of the work is based on the analysis of existing research and examples from practice, whereby the connection of digital technologies with the improvement of energy efficiency and the use of renewable energy sources is examined. The circular economy, in part, is based on the principle of promoting and expanding opportunities for the use of renewable energy sources with the goal that all systems reach the level of constant use of renewable and sustainable energy sources and on the principle of encouraging human activity and utilization of resources in order to achieve new value. It is precisely in the supply chain management segment in the context of business digitalization that the principle of encouraging human activities to follow technological trends can be reflected. Also, innovative approaches in business that can contribute to the optimization of resources and the reduction of the ecological footprint are being considered.

The conclusion of the paper indicates that digitization is a key tool for the implementation of the circular economy, enabling more efficient management of data and resources in the supply chain. Through the integration of digital solutions, companies can redefine their strategies and harmonize economic, environmental and technological goals, which opens up space for sustainable economic development.