Today’s manufacturing executives are faced with one of the most challenging business landscapes in generations, with pressures including geopolitical turmoil, supply chain constraints and resource scarcity all contributing to an uncertain outlook. Amid these challenges, sustainability is rapidly evolving into one of, if not the top priority, for manufacturing leaders seeking to strengthen their business’ long-term position.
The growing interest in sustainability is motivated by the risks and rewards that exist at multiple levels. From a regulatory perspective, legislators are taking stronger steps to enforce reduced emissions and sanction those that don’t address the negative externalities of their operations. At an investment level, financial markets are preferring organizations that align with high ESG expectations. Perhaps most importantly, consumers are demanding greater sustainability in the goods and services they purchase, across the entire supply chain rather than simply at the point of sale.
All of this means that decision makers now have a golden opportunity to differentiate their organization and become global market leaders through sustainability.