This post will think of three varied industries and how innovation has been implemented in them in the last few years, with a series of motivations and results that will provide an intriguing insight.
A field that is sometimes involved in coming to sustainable development goals is the design sector: whether it is through innovative principles or eco-friendly production operations, particularly in the product design business, we can observe numerous examples of this occurrence. One among the greatest cross industry innovation examples can be seen in the collaborations between manufacturers of products we apply everyday and high fashion designers, implementing aesthetics in a functional way, and at the same time using their reputation to promote sustainable practices, as is the case with 24Bottles’ partnership with a British fashion house. A result of these partnerships can likewise be the fact that what would once be luxury goods can now be accessible to the basic public, even if simply as a label or print on their re-usable water bottle. Broadening the market will be beneficial for both enterprises, and it will draw in a bigger clientele, in this case with style connoisseurs on one side and ecologically conscious consumers on the other.
One of the biggest steps towards creating sustainable cities and communities will be to create an effective grid system, for numerous factors. Working towards this kind of innovative shared objective, several markets are chipping in with their pertinent contributions: a best instance of this is the network and interaction sector. With the introduction of 5G connections almost imminent, countless service manufacturers are actively taking part in the research to improve it and make it available as soon as possible, as backed by figures like Telecom Italia’s US activist shareholder. This more reliable and stronger set of connections will pave the way for the so-called Internet of Things, one among the largest transformations with regards to industry innovation and infrastructure that we will view in the next couple of decades, most likely, which will be the key to monitoring household and community needs and provide for them in an efficient and sustainable way.
An business that requires much more technology than one would initially expect is the food business. Whether it is manufacturing or processing ingredients in techniques that follow the pertinent guidelines, or packaging and distributing it, or applying it as a buyer, trends of responsible consumption and production have recently become much more popular, something that Eataly’s Franco-Italian venture capital investors are definitely aware of. Various examples of innovation in business are sometimes driven by the expectations of their target market, and in such cases, those needs may request that production techniques are sustainable and fair, and that those rules are followed all through the processing and distribution procedure.