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International industrial manufacturers: Mastering the era of digital innovation and circular economy

Author

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  • Oghazi, Pejvak
  • Mostaghel, Rana
  • Hultman, Magnus

Abstract

The business landscape has significantly changed in the last few years due to unforeseen incidents such as the recent pandemic and war in Europe. While such incidents have interrupted or even impaired economies and businesses, they have also accelerated digitalization. Parallel to this, many countries have started moving towards sustainability and realized the importance of circularity on a large scale. Thus, international industrial firms must deal with new regulations. Despite the growth of research on digitalization and circular economy, our understanding of international industrial manufacturers and their business models, in particular, is limited. Thus, this research aims to study international industrial manufacturers digitally enabled circular business models. A case study approach covered a case company, six partners, three sister companies, and the parent company. The findings reveal the characteristics of a digitally enabled circular business model and its outcomes, including resource utilization, supply chain, and sustainable efficiency. Theoretical and managerial implications are discussed.

Suggested Citation

  • Oghazi, Pejvak & Mostaghel, Rana & Hultman, Magnus, 2024. "International industrial manufacturers: Mastering the era of digital innovation and circular economy," Technological Forecasting and Social Change, Elsevier, vol. 201(C).
    • Handle: RePEc:eee:tefoso:v:201:y:2024:i:c:s0040162523008454
    DOI: 10.1016/j.techfore.2023.123160
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    Citations

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    Cited by:

    1. Liu, Wen & Miao, Zhenlong, 2025. "Can digital product innovation enhance corporate market competitiveness?," Finance Research Letters, Elsevier, vol. 86(PA).
    2. Ghadeer Alsanie, 2025. "Investigating the Impact of Digitalization on Resource Use, Energy Use, and Waste Reduction Towards Sustainability: Considering Environmental Awareness as a Moderator," Sustainability, MDPI, vol. 17(9), pages 1-37, April.
    3. Alshibani, Safiya & Singhal, Abhishek Bhushan & Gupta, Bhumika & Papa, Armando & Del Giudice, Manlio, 2026. "Prioritizing interoperable AI-driven solutions for sustainable circular economy in the public sector," Technological Forecasting and Social Change, Elsevier, vol. 224(C).
    4. Schmeisser, Björn & Saebi, Tina & Schotter, Andreas P.J. & Gooderham, Paul, 2026. "The digital transformation of international business: A conceptualization, multidisciplinary review, and research agenda," Journal of World Business, Elsevier, vol. 61(1).
    5. Wu, Qingyang & Li, Shanhong, 2024. "Decarbonization by digits: How data factors drive nonlinear sustainable dynamics in manufacturing," Applied Energy, Elsevier, vol. 374(C).
    6. Duane Jaqueline Zardo & Ana Paula Granela & Simone Sehnem & Dulcimar Jose Julkovski, 2025. "Circular supply chain and circular practices: An analysis from the perspective of sustainability and Industry 4.0," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(2), pages 1831-1846, March.
    7. Llach, Josep & Palau-Pinyana, Erola & Sánchez-Famoso, Valeriano, 2025. "How ESG configurations are linked to family firm performance: Winning combinations and what to avoid—Evidence from Spain," Business Horizons, Elsevier, vol. 68(6), pages 729-742.

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