Agility Matters: Elements For Embracing More Sustainable Business Models

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Chief Product Officer at IFS with a passion for developing and adapting technology that adds differentiating value for businesses. Read Christian Pedersen's full executive profile here.

,"the circular economy will be the only economy" by 2029. Organizations are already beginning to prepare for the scale of the transformation. A Bain & Consulting study"approximately 33% of executives expect their industry to be disrupted by circularity start-ups that put products or materials back into the supply chain."The inevitable shift toward a circular economy raises essential questions for nearly every manufacturer.

Trump Prosecutor Fani Willis Easily Wins Her Democratic Primary While Judge In Georgia Case Reelected Governments, regulators and industry bodies are already busy legislating for and implementing new ESG and carbon emission disclosure requirements. Simultaneously, the regulatory landscape and policies are rapidly evolving. Both shifts will demand manufacturers have accurate reporting and measurement in place to ensure statutory compliance.

Here, it comes back to the data layer. A robust data governance strategy is essential, spanning the organization and extending to the board level.Embedded ESG functionality within enterprise cloud platforms can help support decarbonization efforts in manufacturing. This facilitates the adoption of more sustainable practices, contributing to energy and resource conservation.

 

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