Abstract:

The innovations of circular business models led to changes in the information sharing process and dynamics. The uncertainty from the new material treatment and coordination issues of new stakeholder dynamics poses significant challenges for information sharing methods to distribute adequate and accurate information. The traditional information sharing method is mainly based on the linear business model and has not considered increasing the adoption of advanced information technologies and high-level automation. This research hopes to establish effective information sharing for supporting the circular economy by analyzing the characteristics of the circular business model and essential information sharing requirements. This research adapts information sharing studies from the related disciplines and proposes the information sharing model for the circular business model. Based on an extensive literature review, four critical areas of information sharing requirements were identified to address the circular business model uniqueness. It is believed that information sharing can contribute significant value to the design and implementation of circular business models.