This paper by GS1 in Europe highlights the need to structure product data to make it available for circular economy needs. If data isn't structured and can't circulate according to a circular model, it will be very challenging to reach the scale needed for the circular economy plan.
Open standards are a way of uniquely identifying products, locations, machines, packaging, etc. If "global open identifiers" (openly available references for products, etc.) are used, rather than closed-in systems based on data for one limited purpose, it will be possible to share data.
GS1 in Europe is a neutral, not-for-profit organisation dedicated to global standards to improve the efficiency, visibility and sustainability of products around the world.