Sustainability refers to the practice of meeting present needs without compromising the ability of future generations to meet their own needs. It involves finding a balance between social, environmental, and economic considerations to ensure long-term well-being and environmental stewardship. Sustainability will be critial to futue business models as it not only helps protect the environment and contribute to social well-being, but also ensures long-term profitability and resilience in the face of evolving market demands and regulatory requirements.
Manufacturers face rising sustainability demands, but with the right data, they can cut energy use and unlock valuable tax incentives.