Perhaps the biggest challenge for any business is how to balance long-term opportunities with short-term needs. For manufacturing, controlling procurement costs is an effective way to manage month-to-month objectives. However, this can prevent organizations from realizing significant gains if they are unwilling to invest in projects that can produce sustainable production efficiencies.
Here are some interesting figures related to the industrial sector:
- Energy – The US Energy Information Administration estimates the Industrial sector accounts for
over half of the energy consumption in the United States. The forecast is for a 30% increase in
this figure between now and 2050. - Water – Nature Partner Journals reports that industry consumes around 20% of all water, with
the energy sector using 75% of the industrial water and manufacturing the remaining 25%.
Overall water demand from all sources will increase 85% by 2050. - Waste – The World Bank Group projects a 70% increase in global waste by 2050. The total
amount of waste is forecasted to be 3.4 million tons by that date.
Reducing your energy/water consumption and waste generation can boost productivity and put
dollars to the bottom line. Here are few ideas:
- Energy – Consider a switch to synthetic fluids for pumps, fans, motors and air compressors to
reduce energy demand. These components contribute to over 50% of energy consumption in an
industrial facility. - Water – For any application where water is mixed with another fluid, the life of the fluid should
be maximized. Review those fluids to ensure they represent the latest technology and are being
maintained properly. - Waste – Improving product quality is the most effective was to control waste but extending fluid
life contributes significantly to waste reduction. Again, review your fluids to make sure they are
the right ones and they’re being used most effectively.
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