According to recent statistics, the manufacturing industry in the UK is seeing good levels of growth at the moment.
Regardless of slowing down in the three months leading up to march, the industry is still operating ahead of long-term averages. The survey from business lobby group the Confederation of British Industry revealed that export order books have remained largely unchanged, but could manufacturing firms keep pushing for further growth by embracing the benefits of sustainability?
Read on to find out more about the benefits of sustainable practice for manufacturing firms.
Increases consumer demand
Consumers are looking for more than just products that they like, they also want to buy into brands and companies that they trust, believe in and respect. If, as a manufacturing firm, you start behaving in a more sustainable way, you may find that you are able to attract a new kind of clientele, who like the fact that you care about your environmental footprint.
Employee retention
Employees love the chance to feel as though they are part of something bigger and better, and behaving in a more sustainable way can help you to achieve this. If you create a company culture that is committed to behaving in a sustainable way, you will find it easier to retain key members of staff who are keen to keep up with these behaviours.
Leadership
On a larger scale, you need to consider how sustainable practice can help your company become a key player in the discussion about the environment. Embracing sustainable behaviours can help you propel your business forward and is also going to give you a more positive public perception.
Increase your businesses ability to comply with regulation
The government is responsible for implementing guidelines that businesses need to adhere to with relation to sustainability. As the discussion about climate change and the environment becomes increasingly more commonplace, getting on board with sustainability can ensure that your business is in a position to meet new regulations in a timelier manner.
Attract more investors
Much in the same way that it helps with retaining key members of staff, sustainability can also help with attracting key investors, especially the millennial types that have been brought up in an era of environmental protection messages.