Those with the greatest supply chain agility, visibility and responsiveness secure a profound competitive advantage. However, ever-more demanding customers, a volatile global trading environment, new technologies and pressing concerns around sustainability make achieving such traits a challenge for almost every business.
Factories are responsible for approximately 36% of greenhouse gas emissions globally, Professor Steve Evans, Director of Research at the Centre for Industrial Sustainability, University of Cambridge, shares his insights on how resource efficiency can be good for profit margins and the environment.
According to statistics released last week from National Grid, Britain has now gone 114 continuous hours without burning coal to generate electricity, smashing the previous record of 90 hours. This is the longest period since the Industrial Revolution and is set to keep on rising.
When it comes to adopting energy saving innovations, perceptions of risk mean there is often a race to be second. In choosing new technologies – especially those that require higher capital expenditure initially, businesses prefer to invest in something that is already tested and successful.