The recent global health crisis brought the global supply chain to a standstill. To get a sense of the scale of the disruption, consider that:
As a result of propagated disruption, the United Nations Conference on Trade and Development (UNCTAD) have estimated that global FDI shrank by 15 percent. Supply chain partners are also unable to fulfill orders in time — or at all — during the crisis; the reduction in material components and delivery levels will reverberate throughout the supply chain for the foreseeable future.
In turn, manufacturers now face the following significant challenges when it comes to effectively managing remote employees:
With large-scale remote working becoming the new operational reality, manufacturers must prepare themselves for a reduction in productivity and innovation while this transition takes place.
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Lifecycle assessment capabilities that are improved with simulation enable manufacturers to calculate all environmental impacts across all lifecycle stages of their factory. This is crucial in helping them time their production processes with the availability of renewable energy sources to realize a low carbon footprint and optimize energy draw from the grid.
With the right tools, manufacturers can recycle and recover materials from waste and optimize raw material usage during the design phase. Reducing raw material outputs achieves knock-on effects in promoting more efficient and streamlined working practices, as manufacturers only use what they need, and improves a manufacturer’s bottom line, as they only need to purchase and store the right amount of material.
When manufacturers can demonstrate the specific actions they’ve taken to achieve sustainable manufacturing and back it up with results data, they can substantiate their brand’s sustainability credentials. Instead of greenwashing, which is merely public relations in action, credibly sustainable companies can become more attractive to sustainability-minded consumers and potential employees looking for meaningful work.
As more governments move to codify sustainability requirements into law, this opens up manufacturers to operational risks like penalties and litigation. With the right solution, manufacturers can harmonize global operations with different legal requirements. They can also improve energy risk management by integrating the best low-carbon power generation sources to become less reliant on price-volatile carbon-based energy options.
New production processes can be leveraged to innovate new product lines in a sustainable manner. Nike, for example, innovated its new Flyknit line where new manufacturing processes required minimal labor and enjoyed significant waste reduction while also removing waste from landfills. The line is also profitable for Nike, generating over US$2 billion in revenue since it was implemented..
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Learn how to drive recovery, improve resilience, accelerate sustainability and implement necessary business transformations at scale.
Also, discover the Virtual Twin Experience powered by the 3DEXPERIENCE platform to revitalize ecosystems and transform them into growth opportunities.
It’s time to get a head start in the new normal with a cloud-based platform that enables a rich, powerful and integrated collaborative experience between all teams and stakeholders. Get the full story in our ebook.
It’s time to get a head start in the new normal with a cloud-based platform that enables a rich, powerful and integrated collaborative experience between all teams and stakeholders. Get the full story in our ebook.
Learn how to drive recovery, improve resilience, accelerate sustainability and implement necessary business transformations at scale.
Also, discover the Virtual Twin Experience powered by the 3DEXPERIENCE platform to revitalize ecosystems and transform them into growth opportunities.
The cloud-based platform enabled us to seamlessly transition to a work from home environment, in both our US and China locations. Our designers and engineers are able to stay connected in real time and keep moving on their projects.
The California startup Canoo is reinventing not just what a vehicle is, but also the business model for how it reaches customers.
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