A pulse survey of 200 engineering and manufacturing leaders in Europe, on a range of topics from energy transition to new business model innovation.
Finding focus: Europe’s Industry X Pulse Survey series
Energy transition for manufacturing industries
Charting a course toward achieving net-zero emissions is a complex route for most organizations that requires significant investment and resources to design, build, operationalize—and then transition to—renewable energy sources. It will take a complete reimagination of how both businesses and consumers think about their energy usage, and their impact on the planet. In other words, there’s a long road ahead.
But while businesses grapple with rising energy costs today, they must find a shorter term solution to a long-term issue by optimizing costs, reducing their energy consumption and seeking greater energy efficiency in both their day-to-day operations, and in the design, engineering and manufacturing of new products and services they create for customers. These measures are only stepping-stones on the journey to reaching full net-zero CO2 emissions.
Concerns for unstable energy systems and shortfalls in supply in parts of Europe pose a real threat of major disruption to businesses and workers’ safety in the region.
Finger on the pulse – latest survey results
Key takeaways on energy transition
Engineering and manufacturing leaders in Europe share their views on the energy transition.
Findings from our Industry X European Pulse Survey (in field September 2022) shows that energy transition is an enterprise-wide challenge.
Respondents indicated (with >50% share of total votes received, except for engineering at 43%), that every function will be impacted by the energy transition. IT departments took top position (64%) this fiscal, with the focus shifting to products/services and operations next fiscal.
Despite concerns for unstable energy systems, respondents say they plan to reduce CO2 emissions in the next 10 years. 92% plan to decarbonize their internal operations by 10% or more and a further 82% will decarbonize the products they make by 20% or more.
Lacking fuel to transform, but high hopes for AI
Availability of infrastructure and missing qualified personnel are the two biggest challenges at hand. That said, half of respondents believe artificial intelligence (AI) will be an important ingredient in the solution.
