Sustainability has rapidly become front and center for companies in virtually all industries, including manufacturing. Regulatory pressures, climate conditions, and heightened consumer and investor awareness are creating new urgency for manufacturers to not only focus more on sustainability initiatives, but to ensure long-term and measurable change.
A recent Forrester report details key components of this growing emphasis on sustainability:
From changing consumer sentiments, to growing investor demands, and new competitive pressures across the market, organizations must shift their approach and quickly tailor operations to meet their commitments to environmental sustainability.
Manufacturing’s Role and Supply Chain Sustainability
“As the world transitions to a low-carbon economy, firms across the manufacturing industry are under significant pressure to transition to renewable energy, decarbonize, and embrace the circular product and service economy.” - Forrester
Most manufacturers are taking a look at their supply chains as a core area for improvement in the move toward sustainable operations. While sustainability is top of mind in most manufacturers’ mission or purpose statement, few have the visibility and processes in place across the supply chain to achieve these goals today.
“The expectations of stakeholder groups for supply chain sustainability strategy have transformed in the last 10 years, with increased demands for transparency and action.” -Gartner for Supply Chain, 3 Sustainability Trends Shaping Supply Chains in 2021
On top of the demand for more sustainable practices, having a sustainable supply chain is also a competitive differentiator, and good sustainability practices reduce risk overall.
Incremental Steps toward a Sustainable Future
While there is no one easy way to tackle the move toward sustainability, the Forrester report advises looking for ways to make incremental changes that help reduce waste and boost efficiencies.
The Appian Low-code Automation Platform enables the capabilities and information access that companies need in order to make the best short and long-term sustainability decisions:
To learn more about the current state of sustainability across industries, as well as what organizations can do to respond and adapt, read the report.