According to an IDC survey, 61% of the European manufacturers increased their spending on technology associated with sustainability programs in 2021. However, only less than 20% of European manufacturers consider themselves to be leading in their sustainability initiatives.
Watch this webinar on-demand to listen to a panel of experts on the topic of sustainability in manufacturing – and the role of traceability solutions - as well as how blockchain is driving transparency and trust across the supply chain. You will get to know how manufacturers seeing sustainability investments as an opportunity and not as an obligation have a powerful competitive advantage and a key element in their sustainability journey and
Some key learnings:
- Manufacturers should consider moving from a reactive (regulatory-driven) to a proactive (value-add) approach, which requires appropriate digital technology investments.
- Traceability requires collaboration within the ecosystem and trust is key - to be able to collaborate and share data between stakeholders - and also trust between manufacturer and customer, and between brands and end-consumer.
- Traceability has a direct impact in improving quality overall as it gives the required transparency throughout the supply chain.
- Manufacturers that can assure transparency in their supply chain operations and lay supporting systems can maximize their sustainability, revenue, and profitable outcomes.