Sustainable Business Scenarios in 4.0 Era

Abstract

Sustainable business models have been established in the digital and automated environment. However, the existence of such business models is still not mainstream. Sustainable manufacturing has ample opportunities in the market as there is a need to design products that promote the concept of repair, recycling and longevity. Efficiency of the models is not only the sole objective but these models also take into consideration the lesser use of raw materials and recycling of manufactured products. All these proponents of the sustainable business model result in changing of the value proposition, customer relationship and also affects the supply chain. The present chapter illuminates the readers with the potential scenarios for such business models in the backdrop of Industry 4.0.