Innovative Manufacturing Systems and Business Sustainability in the 21st Century (A Critical Evaluation of the Champion Breweries Plc, Nigeria)

Authors : Dr. Williams Abasiubong; Johnson Odohoedi; Imaobong Asuquo Williams

Volume/Issue : Volume 8 - 2023, Issue 10 - October

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A modern manufacturing system adopted by a company is a necessary condition for a firm overall corporate health. This paper is focused on evaluating the innovative manufacturing practices of Champion Breweries Plc, a food and beverage company in Nigeria. A descriptive survey design was found suitable for this study. Primary data were collected through the administration of questionnaires to the sampled population of 132 employees of the company. Data were analyzed using a linear multiple regression model. The analysis results show that the null hypothesis which states that there is no significant effect of digital and emerging platforms on business sustainable development was rejected because the calculated T- statistics of 2.90 at 0.004 p-value indicated a positive significant impact of digital and emerging technologies on business sustainability. Contrarily, hypothesis two results indicated no clear evidence that continuous improvement influences business sustainability at a p-value of 0.11. We observed that integrating emerging technologies into the company's production system while keeping the firm’s innovative ecosystem robust enhances operational efficiency. Based on the findings, we resolved that innovative manufacturing techniques improve societal well- being, lower risks to the environment, and increase the effectiveness of production factors thereby raising the standard of living of the employees and increasing shareholders’ wealth. We recommended that modern business tools, methods, and systems should be applied in all facets of an organization as catalysts for business sustainability.

Keywords : Business Sustainability, Continuous Improvement, Digital Technology, Shareholder’s Wealth, Innovation, Manufacturing Practices, Sustainable Development.


Paper Submission Last Date
31 - December - 2023

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