Drive responsible value chain practices
Finally, manufacturers can drive responsible value chain practices by moving from monitoring and managing individual assets to monitoring and optimising whole environments. This means using digital solutions to collect and analyse data from multiple sources, such as machines, sensors, products, and suppliers, and using this information to optimise the performance and sustainability of the entire value chain.
For example, manufacturers can use cloud-based platforms to monitor energy consumption and emissions, and use artificial intelligence and machine learning to predict trends, prescribe actions, and go forward sustainably.
By moving from reactive to proactive decision-making, manufacturers can improve their efficiency, quality, and resilience, while minimising their environmental and social impact.
In conclusion, manufacturers have a great opportunity to drive responsible value chain practices by leveraging digital technologies and data. By doing so, they can not only enhance their competitiveness and profitability, but also contribute to the global goals of reducing greenhouse gas emissions, improving resource efficiency, and ensuring social responsibility. Manufacturers who embrace this opportunity will be well-positioned to thrive in the future of industry.