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🔎 #ICYMI: A recent article on engineering.com features a great, concise overview of our recent study with Forrester, 'Transform Product Sustainability Into Performance Initiatives With Product Lifecycle Intelligence'. 📌 As the article notes, our work with Forrester served to highlight how maturity impacts manufacturers’ ability to incorporate sustainability into PLM. It pinpoints 5 key areas manufacturers anticipate will significantly affect their products, prioritizing regulatory compliance, growth and sustainability: 1️⃣ Evolving customer expectations 2️⃣ Growing emphasis on advancing a circular economy 3️⃣ Heightened demand for transparency in supply chains 4️⃣ Economic constraints 5️⃣ Challenges related to supply chain shortages 🤔 It also calls attention to how those manufacturers can elevate their PLM practices, recommending 4 key steps: ✅ First, it is about “modernizing product innovation processes and platforms” to empower designers with product lifecycle intelligence ✅ Then, it is about “reclassifying sustainability as a performance initiative” to drive revenue and margin growth ✅ And in doing so, “developing a business case for product lifecycle intelligence” to quantify its impact on competitiveness, time to market, and pricing ✅ While “ensuring consistent enterprise-level ESG data” to streamline innovation and regulatory reporting processes ⬇ You can glean more actionable insights in the full article at the link below: https://lnkd.in/ehyJmqXa #PLM #sustainability #manufacturing #supplychains

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