US manufacturing executives have had a road to Damascus-style conversion when
it comes to their environmental strategies, according to a recent report from
Eye For Transport
(EFT).
EFT Research surveyed more than 300 North American manufacturing, operations
and supply chain managers to establish where their green efforts are focused,
how they are managed and financed, and to predict the outlook for eco-products.
Advertisement
The resulting report, Green Manufacturing: Adoption &
Implementation, revealed that the corporate mindset around environmental
initiatives is changing, and the need to invest in innovative products and new
technologies is growing.
"When asked how they view green manufacturing initiatives, 84 per cent told
us that they see them as part of an overall optimisation strategy,” said
Katharine O'Reilly, EFT's senior vice president of environmental research. “This
marks a major sea change, and implies that environmental programmes are becoming
part of the standard arsenal of strategies employed to boost innovation and
optimise operations."
Nearly all – 95 per cent – of respondents agree that green manufacturing will
continue to expand. Furthermore, 66 per cent believe there to be a market for
more expensive greener products in their industry.
But increased profits are not the only motive: 43 per cent report that
improved efficiency and product quality for their operation are behind the green
drive. Initiatives include recycling and re-use programmes; water reduction;
energy and materials management and supplier management.
What is pushing US manufacturers to adopt green initiatives where once there
was such reluctance to invest? According to the survey, 64 per cent of
executives expect green initiatives to further their overall corporate
sustainability strategy and vision, 62 per cent see green initiatives as a good
response to customer interest in environmentally friendly products and services,
and 51 per cent feel they are improving their public reputation.
On the operations side, 52 per cent noted cost reduction as a key benefit,
and 47 per cent saw improved efficiency.
With 77 per cent of manufacturing executives in agreement that energy prices
will rise significantly next year, the focus of operations budgets is turning
sharply towards how to cut dependence on oil.
Comments
Have your say on this article