This article from PTC Arena Solutions discusses the growing role of PLM in sustainable product development and the circular economy. Here are the key points:

• PLM has become increasingly important for manufacturers in new product development and introduction, especially in markets with complex products where quality management and compliance regulations are stringent.
• The Circular Economy is based on three principles driven by design: eliminate waste and pollution, circulate products and materials (at their highest value), and regenerate nature.
• PLM is starting to play a critical role in manufacturing companies’ environmental, social, and governance (ESG) strategies.
• A survey found that many companies are using more sustainable materials, increasing the efficiency of energy use, and using energy-efficient or climate-friendly machinery.

Image Courtesy of Arena Solutions

Learn more by reading PLM and Circular Economy: A Framework for Sustainable Product Development | Arena (arenasolutions.com).