The role of restorative design in the achieving principles of Industry 5.0

Abstract

PURPOSE: Industry 5.0 is the current wave of advances in the industrial sector, which focuses on the use of technology to make production processes more efficient and effective. As part of this new industrial revolution, restorative design is playing a vital role in helping businesses achieve their goals. Restorative design is a holistic approach to design that seeks to restore balance between humans, nature and the built environment. It emphasizes the use of natural resources, renewable energy, and sustainable systems to create a healthy, equitable and resilient future. By incorporating restorative design principles into Industry 5.0, businesses can create a more efficient, equitable and sustainable production process that serves the needs of both the environment and society. The aim of this article is to present the role of restorative design in the implementation of the principles of economy 5.0.

DESIGN/METHODOLOGY/APPROACH: The research method used was the analysis of secondary data available in the literature and the construction of research hypotheses during expert interviews.

FINDINGS: This article presents excerpts from research results that illustrate the scale of the problem. Restorative design plays a huge role in achieving the goals of Industry 5.0 and is likely to become a tool in its realization.

PRACTICAL IMPLICATIONS: Restorative design can help businesses achieve their goals by incorporating natural systems into their production processes. For example, designers can incorporate renewable energy sources into their processes to reduce carbon emissions. They can also use natural resources to create products without polluting the environment.

ORIGINALITY/VALUE: The current paper contributes to the existing literature on the relationship between the tax rate and the relevant tax revenue in the field of corporate and personal income taxes, by incorporating in the analysis the size of shadow economy.