Issue №: 1 (71)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
DIGITAL TECHNOLOGIES FOR CIRCULAR INDUSTRIAL BUSINESS MODELS IMPLEMENTATION: A BIBLIOMETRIC ANALYSIS
KOBLIANSKA Inna – Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Economics, Entrepreneurship, and Business Administration, Sumy State University (40000, Sumy, 116, Kharkivska Str., e-mail: i.koblianska@biem.sumdu.edu.ua)
Digital transformation holds significant potential to contribute to the achievement of sustainable development goals. The circular economy (hereafter – CE) – based on the principles of eliminating waste and emissions, circulating resources, and restoring nature – is one of the key pathways for transforming existing business models. Technologies for data collection, analysis, and processing offer opportunities for improved planning, organization, monitoring, control, and analysis of production processes and resource use, thereby supporting the implementation of circular economy principles.
The potential of digital solutions to drive the transformation of business models has attracted the attention of the researchers worldwide, across various economic sectors. Paying attention to the complexity of the scientific problem and the diversity of proposed approaches, there is a clear need to synthesize existing academic contributions.
The purpose of this article is to identify the main digital technologies and the areas of their implementation that support the realization of circular economy principles in production and contribute to achieving sustainable development goals. The study is based on data from English-language articles indexed in the Scopus database since 2015, focusing on sustainable and circular business models in manufacturing and relevant digital technologies.
Quantitative text analysis methods were applied to the scientific literature, enabling the identification of the most prevalent practices. The findings indicate that the key innovations include the use of Industry 4.0 technologies – particularly big data, the Internet of Things, artificial intelligence, and blockchain. The application of these technologies in material and resource flow management, as well as in the coordination and interaction of network participants, demonstrates the highest potential for advancing circular economy principles in manufacturing, fostering economic growth, and achieving sustainable development goals.
The results are valuable for informing the decisions related to the digital and circular transformation of production business models, especially under conditions of limited investment and resource constraints.
1. Dimensions. (2025). Timeline – Overview for digital circular business models in Publications. Dimensions. app.dimensions.ai. Retrieved from: https://app.dimensions.ai/discover/publication?search_mode=content&search_text=digital%20circular%20business%20models&search_type=kws&search_field=full_search [in English].
2. Ruda, M.V. (2022). Disrupt Framework jak osnova pobudovy biznes-modeli pidpryjemstva na zasadakh pidryvnykh innovacij v umovakh stalogho rozvytku [Disrupt Framework as the basis for building an enterprise business model based on disruptive innovations under sustainable development conditions]. Menedzhment ta pidpryiemnytstvo v Ukraini: etapy stanovlennia i problemy rozvytku – Management and Entrepreneurship in Ukraine: Stages of Formation and Problems of Development, 2 (8), 94–103. DOI: https://doi.org/10.23939/smeu2022.02.094 [in Ukrainian].
3. Cherniaieva, A. (2024). Vykorystannja novitnikh cyfrovykh instrumentiv ta tekhnologhij vedennja biznesu. [The use of advanced digital tools and business technologies]. Ekonomika ta suspilstvo – Economics and Society, 60. DOI: https://doi.org/10.32782/2524-0072/2024-60-89 Retrieved from: https://economyandsociety.in.ua/index.php/journal/article/view/3631/3561 [in Ukrainian].
4. Dykoi, R.O. (2025). Tsyfrova transformatsiia ekonomiky ta biznesu v umovakh perekhodu do zelenoi ekonomiky [Digital transformation of the economy and business in the transition to a green economy]. Yevropeiskyi naukovyi zhurnal Ekonomichnykh ta Finansovykh innovatsii – European Scientific Journal of Economic and Financial Innovation, 2 (16). DOI: https://doi.org/10.32750/2025-0208 Retrieved from: https://journal.eae.com.ua/index.php/journal/ article/view/437/344 [in Ukrainian].
5. Maslak, O., Voronovska, M., & Malyk, M. (2025). Modeljuvannja stanu taktychnogho planuvannja v systemi cyrkuljarnykh biznes-modelej pidpryjemstv [Modelling the condition of tactical planning in the system of circular business models of enterprises]. Ekonomichnyi prostir – Economic Space, 198, 201–208. DOI: https://doi.org/10.30838/EP.198.201-208 [in Ukrainian].
6. Kristoffersen, E., Blomsma, F., Mikalef, P., & Li, J. (2020). The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies. Journal of Business Research, 120, 241–261. DOI: https://doi.org/10.1016/j.jbusres.2020.07.044 [in English].
7. Olah, J., Novotna, A., Sarihasan, I., Erdei, E., & Popp, J. (2023). Examination of the relationship between sustainable Industry 4.0 and business performance. Journal of Competitiveness, 14 (4), 25–43. DOI: https://doi.org/10.7441/joc.2022.04.02 [in English].
8. Silva, T.H.H.D., & Sehnem, S. (2024). Industry 4.0 technologies as a motivator for the circular economy in foodtechs: A stakeholder perspective. Sustainable Development, 32 (5), 4633–4648. DOI: https://doi.org/10.1002/sd.2921 [in English].
About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).
The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)
The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)
The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.
The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
Objectives of the journal:
- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
- expanding partnerships with international scientific publishing organizations;
- enhancing the culture of reviewing and annotating published material;
- adherence to editorial ethics.
Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.
The cost of printing one page in professional editions of the university is 60 UAH.
An additional copy of the magazine with the mailing list costs 450 UAH.
Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "
It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)
According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
