Sustainable manufacturing a business performance tool
ARC report says a plant’s environmental success is key to business growth
A new strategy report by ARC Advisory Group summarizes the major environmental and business benefits that can be gained by implementing sustainable manufacturing practices. According to the report, in addition to reducing a manufacturer’s environmental footprint, these practices can help reduce energy and raw material costs, reduce risk, reduce costs associated with future carbon or other emissions taxes, improve public image, and increase customer acceptance.
“Sustainable manufacturing is as much about improving business performance as it is about being environmentally responsible, since the two clearly go hand in hand,” said Greg Gorbach, vice president of collaborative manufacturing at ARC, who authored the report. “In the future, a company’s market valuation will be directly tied to how well that company has mastered sustainable manufacturing practices.”
“There’s no question in my mind that manufacturing executives around the globe understand the importance of operating their enterprises in a more environment- and resource-friendly manner, not just for the future success of their companies, but also for the health and well-being of future generations,” said Andy Chatha, ARC Advisory Group president and founder.unctional models that apply to real-world manufacturing environments.”
ARC’s Strategy Report, “Sustainable Manufacturing: Remaking Today’s Manufacturing Enterprise for Tomorrow’s Economy,” is directed at executives in both the process and discrete manufacturing industries. Readers can download a copy of the 40-page report at no charge from the ARC website at www.arcweb.com/res/forumorl/ .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey