In today’s fast-paced manufacturing landscape, leaders are actively transforming their operations with cutting-edge innovations, seamlessly integrating sustainability and technology in harmony with Industry 4.0. Manufacturers now have the power to revolutionise their smart manufacturing processes using cutting-edge cleantech solutions.
They are using hydrogen to power their operations, a roboctopus to handle delicate items such as fruit and vegetables, and switching to eco-friendly packaging like biodegradable fungi boxes—these are just a few examples of how cleantech is reshaping the industry.
Smart manufacturing is not just adopting cleantech; it is driving rapid integration, providing businesses with significant competitive advantages. This rapid adoption of Environmental, Social, and Governance (ESG) friendly solutions has increased investment in the cleantech market.
According to S&P Global’s Commodity Insights, global annual cleantech investments are projected to surpass US$900 billion by 2030, nearly tripling the spending from 2020.
The manufacturing sector plays a crucial role in this growth, contributing around 0.7 percent to the segment’s expansion. With spending by manufacturers on the rise, seven key cleantech trends have emerged, setting the stage for impactful transformation:
Maximising the benefits of cleantech solutions in smart manufacturing
Cleantech innovations support smart manufacturing in diverse ways, ensuring that manufacturers can confidently invest in cleantech technologies that are both environmentally and economically viable. From sustainable food production to biodegradable plastics, cleantech not only benefits the ESG health of businesses but also enhances profitability.
By leveraging cleantech, manufacturers can foster sustainable development, combining environmental integrity with economic growth and paving the way for a more sustainable future. With the transformative power of cleantech, the manufacturing industry is poised for a greener and more prosperous era.
Endorsed by the World Economic Forum (WEF), the Consumer Sustainability Industry Readiness Index (COSIRI) acts as a comprehensive ESG framework, enhancing sustainability and visibility of ESG progress across the manufacturing sector. This robust tool empowers manufacturers to manage key risk factors more effectively, providing a strategic advantage and fostering long-term growth.
