Sustainability is increasingly becoming non-negotiable for modern manufacturers and distributors. While business goals remain front of mind, the industry recognises the importance of introducing environmental-focused goals into the mix as part of environmental social and governance (ESG) programmes.
The circular economy is changing the game. Manufacturers’ commitment to eliminating waste through a cyclical model of ‘make, use, reuse, remake, recycle’ is already resulting in real rewards. Yet despite a widespread understanding of the benefits, many manufacturers and distributors are struggling to shift towards a sustainable circular economy strategy as they face big industry challenges. The immediate need to address higher costs, supply chain disruption, the move to ‘just in case’ inventory strategies and changing customer demands is inhibiting business’s ability to focus on sustainability.
Sage and Deloitte discovered that momentum is the key required...