IFS launches global manufacturing study on sustainability and the circular economy

Read the company news release.

IFS, the global cloud enterprise software company, today announced it has conducted a research study with technology analyst, Omdia, to better understand the views of manufacturing companies worldwide around sustainability and the circular economy.  The survey polled a wide range of respondents working for manufacturers across North America and Europe (all employed at director, or C Level, and above).

The survey is timely given the current acceleration in climate change and the need to curb the impact of manufacturing on the environment through cutting emissions and reducing industrial energy consumption. The disruption of the pandemic acted as a catalyst for enhanced sustainability but external pressures such as customer awareness and regulatory pressure are pushing it up the priority list.

The research covers three key areas, each of which impacts manufacturers’ approach to sustainability. The first covers investment drivers, such as environmental responsibility and barriers like legacy infrastructure. The second considers sustainability implementation status, including key areas where companies are currently focusing their sustainability initiatives and level of sustainability maturity; and the third assesses the case for the circular economy, encompassing its key benefits.

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