How has the manufacturing supply chain landscape evolved over the years, and how has technology facilitated this transformation?
In the last ten years, we have seen significant impacts by businesses taking ownership of developing products made from sustainable materials. Even though it has been difficult, industries are identifying new solutions to replace toxic or limited resources with greener alternatives.
Manufacturing organisations, especially, are realising that sustainability is not just about having technology for improving brand image but rather making their workflow more efficient and environment-friendly. It is about a shift in mindset regarding utilising renewable resources, which will lower CO2 emissions and foster greater sustainability. Even from the business perspective, process optimisation will help manufacturers keep more cash in their pockets and, in some ways, facilitate better business outcomes.
The industry's response to the growing sustainability trend is green steel. Our purpose is to create the business case for green steel by mobilising critical stakeholders across the whole value chain to develop products using renewable energy. Businesses are already adopting this mindset and making strides in the right direction of eco-friendly workflows. Optimising the supply chain plays a significant role in helping manufacturers acquire cost-effective resources for mass manufacturing greener products with minimal resource waste. This approach is not only an achievable task but also economically viable during financial crises as it can reduce rework and labour costs.
Can you elaborate on how you are promoting the green steel initiative?
Recently, we have collaborated with one of our major clients— Epiroc Corporate—a significant player in a sustainable society and a global productivity partner for mining and infrastructure. With this collaboration, we have started a new project on manufacturing more green steel products, which they will showcase in their upcoming exhibitions this fall. Hand in hand, we have opened negotiations with some of the leading companies to install solar power plants and produce more green steel products using renewable energy. To stretch it over the supply chain, we have also involved some of our major steel producers, Austrian Pestabin, who have installed a substantial volume of solar panels, ensuring that the material they provide us is 75 percent produced by renewable energies.