Formation of a Circular Economy to Mitigate the Threats of the COVID-19 Pandemic

Abstract

The article is devoted to the analysis of the opportunities, risks and threats of the crisis and post-crisis period of the COVID19 pandemic, in particular, the assessment of its impact on the achievement of sustainable development goals. Particular attention is paid to systematizing the short-term and long-term effects of the COVID19 pandemic, affecting the formation of a circular economy. The object of special attention is the role of digital technologies in the formation of closed supply chains, as the basis for the development of a circular economy, which contributes to the highly effective achievement of sustainable development goals. Based on the analysis of best practices, the article provides key technologies that contribute to the spread of the principles of a circular economy at different stages of the formation of closed supply chains, as well as presents the necessary government initiatives to mitigate the threats of the COVID19 pandemic.