What Did We Learn from Deloitte’s Third Annual Industry 4.0 Survey?

A few weeks ago, during the World Economic Forum’s Annual Meeting in Davos, Deloitte released its Third Annual Industry 4.0 Report.

2,000 C-suite executives (CxOs) from 19 countries responded to the survey to deliver some key findings on the future of corporate sustainability.

Firstly, corporate sustainability is taking the business sector by storm, with over 90% of respondents reporting to have a sustainability plan in place or to have definite plans to launch a sustainability plan for their organisation. Additionally, 40% of respondents claimed they focused on social responsibility because they believed it would generate revenue or it was one of the top priorities for external stakeholders of their organisation.

In 2019, the Second Annual Industry 4.0 Report demonstrated that 73% of respondents had developed products that made a positive impact on social and / or environmental sustainability. Of these products, only 55% were generating revenue. This year, in the Second Annual Industry 4.0 Report, 80% of respondents had developed such a product and of these products, 88% were generating revenue.

A major issue identified in the report was the threat of climate change. According to the survey results, 89% of CxOs expect climate change will have a negative…