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Sustainable Business Scenarios in 4.0 Era

  • Kaushik KumarEmail author
  • Divya Zindani
  • J. Paulo Davim
Chapter
Part of the SpringerBriefs in Applied Sciences and Technology book series (BRIEFSAPPLSCIENCES)

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.

Keywords

Industry 4.0 Business models Sustainability Business scenario 

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Copyright information

©  The Author(s), under exclusive licence to Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Department of Mechanical EngineeringBirla Institute of TechnologyMesra, RanchiIndia
  2. 2.Department of Mechanical EngineeringNational Institute of Technology SilcharSilchar, CacharIndia
  3. 3.Department of Mechanical EngineeringUniversity of AveiroAveiroPortugal

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