Sustainable Manufacturing
Since the beginning of the industrial age, the manufacturing industry has been constantly evolving and adjusting to respond to new technological innovations and changing market demands. Currently, the industry is going through another change, one with sustainability at its core.
This report explores the opportunities sustainable manufacturing presents for the manufacturing industry, and shares real-world examples of how manufacturers are leading the sustainable manufacturing transformation and the strategies they are adopting to embark on a sustainable manufacturing journey.
Sustainable Manufacturing – From Vision to Action
Focusing on five key areas of impact where sustainable manufacturing can significantly improve the entire manufacturing value chain
Engineering: During the product design process, both small modifications and large-scale modifications can reduce costs and reduce waste.
Source: The ethical selection and sourcing of sustainable and/or alternative materials has become increasingly important.
Production: Building the factory of the future by improving operational efficiency, leveraging smart technologies, and using green energy.
Transport: In transport and delivery, supply chain restructuring and decarbonisation efforts are rationalising trade routes and helping to reduce carbon emissions.
Post-market: The transition to a circular economy model is expected to change the way products are designed, produced, sold, used and disposed of.
Advantages and barriers of sustainable manufacturing
A variety of factors are driving the manufacturing industry’s slow but steady evolution towards sustainable manufacturing, such as the desire for returns; the need to offset risks and costs; and increasing pressure to meet the needs of stakeholders, shareholders and customers.
Advantages: Manufacturers of all types are leveraging sustainable manufacturing practices to reduce costs and waste, improve operational efficiency, gain a competitive advantage, and enhance regulatory compliance.
Barriers: Businesses are also turning to sustainable manufacturing to mitigate increasingly complex regulatory and compliance risks. In addition, there is increasing external pressure from investors who want companies to make progress on the SDGs year by year. This could ultimately require a transformation of entire manufacturing and industrial systems, forcing manufacturers to rethink how they design, source, manufacture, deliver and service all of their products.