Fictiv’s Sustainability in Manufacturing report

Custom manufacturer Fictiv has shared the results of a survey Sustainability in Manufacturing, where it asked industry leaders about sustainable manufacturing, from AI technology to the global supply chain.

Manufacturers are determined to advance sustainable practices 

Fictiv was founded in 2013 and is headquartered in San Francisco, USA. In May 2020, Fictiv announced that it raised US$15mn in Series B funding, led by Sinovation Ventures, with firms such as Accel, Intel Capital, FJ Labs and Tandon Group all contributing. 

Earlier this year, Fictiv released its 2023 State of Manufacturing report, which explored the attitudes of manufacturing industry leaders to technology and AI, which can be read here. 

In the Sustainability in Manufacturing report, results showed:

• 54% struggle with lack of control over sustainability standards in their supply chain
• 55% say improving manufacturing and supply chain visibility is a top priority
• 85% have plans to adopt or have already adopted AI technologies
• 60% are investing in technology to drive operational efficiency
• ~ 50% are prioritising sustainable packaging, materials, and/or energy solutions
• 42% of leaders are prioritising investment in reducing their carbon footprint. 

Fictiv’s data shows that sustainable manufacturing is holding fast and that while challenges persist, manufacturers are determined to succeed.

Technological innovation and sustainable solutions in manufacturing

“More than half of manufacturing leaders report increasing investment in renewable energy, a critical component of their carbon reduction strategies, especially among medium and large-sized organisations,” said Nate Evans, Co-Founder and Chief Experience Officer of Fictiv. “This investment fuels the technological innovation and economies of scale necessary to make sustainable solutions more affordable and accessible to the entire manufacturing industry. As highlighted in our report, this increased commitment to renewable energy promises to enhance energy security by reducing reliance on finite resources and vulnerability to regulatory or geopolitical shocks.”

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Check out our free upcoming virtual event, Manufacturing LIVE, 6-7th December 2023.

For more insights into Manufacturing - check out the latest edition of Manufacturing Magazine and be sure to follow us on LinkedIn & Twitter.

Other magazines that may be of interest - Healthcare Digital. 

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