![]() ![]() The digital twin collects data during the vehicle use phase and provides insights and analytics capabilities for better end-of-life decision-making. The raw material manufacturer certifies sustainability values such as origin and secondary material composition of the battery. The basis to gain transparency along the automotive value chain is traceability, based on digital twins enriched with corresponding product and material information.ĭigital twins can be used to map a car battery across the entire life cycle. The entire process from the mine to the user or recycler must be considered to close the loop into a circular Economy. The digitalisation of business processes is fundamental to facilitating traceability. Nevertheless, appropriate steps can be taken to accelerate the move to circular practices:ĭata is the driving force in reducing carbon emissions and increasing circularity, so companies must gain transparency on used materials and enable recovery of valuable materials. ![]() In addition, many companies lack the comprehensive overview of greenhouse gas emissions they need to effectively calculate their Scope 3 emissions. Sustainability officers now have to deal with 20 times more regulations than in the past. Increasing compliance obligations are placing additional demands on the automotive industry. Consulting firm Gartner, which several years ago declared that the circular economy would become “the only economy” by 2029, found in a recent survey that 74% of supply chain executives expect to increase profits by 2025 as a result of applying circular principles. The business case for companies to engage in the circular economy gets stronger by the day. ![]() By applying circular principles, the automotive industry can reduce carbon emissions by up to 75% and resource use by up to 80% per person-kilometre by 2030, and reduce 66% of emissions from material production at no additional cost by 2030, according to Accenture. The good news here is that a shift to the circular principles of reusing and recycling materials and components mitigates, if not completely solves, many of these challenges. The automotive industry is responsible for a large share of the world’s overall resource consumption and generates about 5% of the world’s industrial waste. Transportation is undergoing a massive transformation with electric mobility, digitalisation, the drive towards decarbonisation, climate change and supply chain volatility. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |