In a world where fashion and changing trends are influencing the textile sector greatly, sustainable manufacturing is the biggest challenge for survival for the upcoming generations and industries.

Companies that go through digital transformation outperform those that do not. Researchers have identified 10 key steps to getting there.

Sustainability has long been an integral part of the economic and social debate. Both consumers and other stakeholders are calling for a stronger commitment to the circular economy and to sustainable raw material and recycling concepts. The regulatory framework worldwide is setting new standards and high demands on companies for sustainable business in Germany and throughout Europe.

Scientists from the MIT Center for Information Systems Research found companies that have executed a digital transformation have significantly higher financial performance — with average revenue growth of 17.3 percentage points and net margins of 14.0 percentage points above industry averages.

Digital replicas of physical assets, processes and systems, Digital Twins are increasingly acknowledged as a gateway to better decision-making securing greater efficiencies. Likely benefits include improved performance, faster processes, the capacity to predict and pre-empt maintenance issues, plus better quality-control and reduced costs.

Climate change threatens our planet and communities around the world. To avoid the worst of its impacts, we must reach net zero by 2050. Our approach to everything from the manufacture of plastics to electronics must consider product end-of-life and energy use to keep us from reaching a dangerous tipping point.

Composable manufacturing is an approach that uses a virtual tool to assemble – or compose – modular packages of pre-programmed processes into new workflows on a screen. Deploying AI, machine learning and other cutting-edge technologies, composable manufacturing gives companies to a library of templated functions, a set of core productized capabilities that can be mixed and matched with each other, and an inbuilt integration with other plant systems.

Inventory glut has many businesses turning their attention to innovation. Partnering with vendors can make the process easier.

Here are the seven trends shaping digital transformation in 2023.

Negotiators at the annual UN climate conference managed to eke out some plans for action. Now the challenge is turning dreams into reality.