What are changes that can bring savings in a manufacturing firm?

Updated: Dec 4, 2020

When you walk next through a factory or manufacturing line, if you care to look at the equipment or other operations process, you can sure see the difference you can make, too.

Upgrading old servers to modern ones that use less energy and produce fewer greenhouse gases. Replacing old pumps and motors with energy efficient ones that save money and justify the new cost with payback in less than one or two years has been incentive for consumers.

There is another interesting aspect that you will see more often into the future. The measure of a successful business is no longer solely tied to its financial performance. Public expectations of a company have never been greater. The new generation of employees demands that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.

Partnering with NGOs and governments is another vital step to addressing worldwide sustainability. NGOs carry a lot of the load when it comes to stopping climate change or cleaning up plastic waste. They could benefit from support businesses can offer in their own long-term interest of protecting resources.

Businesses are starting to look at sustainability as something that should be at the very core of their operations and not just a nice-to-have add-on for improving their image. Companies want to show their customers that they care about the environment.

Businesses are showing increasing concern over issues like biodiversity loss, deforestation and other global threats. This comes as no surprise, considering that more and more customers and employees want companies to take action on sustainability, transparency and on fair employment.

#manufacturing #sustainablility #efficiency

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