Supply chain disruptions, increasing ROI and forecasting product demand are all top of mind for business leaders in the manufacturing sector. Factor in a need for greater sustainability, and it could feel like the list of business challenges is never-ending. Recent data shows that Chief Supply Chain Officers (CSCOs) rank sustainability as their third biggest challenge in the next few years, but the question remains: Where do we begin? In the past few years, companies have started to get serious about their environment, social and governance (ESG) strategy and are implementing processes to measure critical components of their day-to-day activities like energy usage and material/asset lifecycle. According to recent data, 56% of CSCOs are planning to embrace real-time monitoring and reporting on sustainability. In May 2022, the Responsible Computing Consortium was created to provide a resource for like-minded companies looking to transition their technology and processes to more environmentally friendly business operations. As part of this commitment, companies who are working towards a more environmentally and socially responsible are signing a manifesto that outlines principles that will provide a set of cross-cutting beliefs that underpin the following values:
Investing in future business success
Investing in a more responsible infrastructure that aligns with your company’s ESG strategy not only provides a greener return on investment, it’s also good for business. 83% of surveyed CEOs believe that their company’s sustainability investments will produce improved business results in the next five years and nearly half of CEOs (45%) think that sustainability will accelerate business growth. Learn more about how adopting a responsible infrastructure can help manufacturers achieve greater business results, visit responsiblecomputing.net
Discover show highlights, key takeaways and top stories from SPS 2022.
- Industrial connectivity
- Electric motor and drive systems
- Industrial software
- Edge and cloud
Whether you missed the show or just need a refresher, the Omdia Manufacturing Technology team has you covered.
This year, Hannover Messe 2022 finally returned as a physical event again after two years, and members of Omdia's Manufacturing Technology team were there to cover the experience. They have created an event recap, discussing key takeaways and top stories from the show.
The theme for this years Hannover Messe 2022 is green. The organization's official lead theme is HANNOVER MESSE 2022, the world's most important event for industrial technology, focuses on digitalization and sustainability. Why? Because they are the key to transforming business and industry. How? They enable digitalized, climate-neutral and sustainable value creation.
Microsoft’s Cloud for Sustainability.
What does that mean? Expect numerous green-themed product launches and improvements, including emissions monitoring tools, developments in new energy sources, supply chain management enabling circularity. The convergence of Digitization as an enabler of sustainability will also be amplified with existing capabilities repromoted to highlight applications to improve manufacturers environmental footprint, with one of the most significant announcements being that of ‘Microsoft’s Cloud for Sustainability’.
Check out our “What to expect at Hannover” report, with lots more insight on the challenges faced by the manufacturing sector, and how Industrial Transformation will be key to fixing them!