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The corporate mindset Raymond mill all-around environmental initiatives is changing, as well as the really need to invest in innovative items and new technologies is growing, a new report has uncovered. Of much more than 300 North American manufacturing, operations and supply chain executives not too long ago surveyed by EFT Study, most (77 %) agreed that power costs will rise considerably in 2009 and that the target of operations budgets is "turning sharply" toward how to cut the dependence on oil. With this in mind, EFT asked respondents to pinpoint what real projects they are investing in, what the challenges and barriers have been, and where they are seeing a return on investment. Not only do the vast majority of respondents (95 %) agree that green manufacturing will continue to expand, EFT Research's Green Manufacturing: Adoption & Implementation Report uncovered?but 66 % also believe there to be a market for much more expensive and greener solutions in their industry. The finding further showed that it isn't simply the increased profits that are driving green initiatives. Forty-three % of respondents report that environmental imperatives have resulted in improved efficiency and product quality for their operation.
To achieve results from green efforts, 65 percent of EFT Research's respondents are investing in Raymond mill recycling and reuse programs. Other initiatives these . Where there was once reluctance to invest in green initiatives, manufacturers now see some real payback. The survey found that 64 % of executives expect green initiatives to further their overall corporate sustainability strategy and vision, 62 % see green initiatives as a good response to customer interest in environmentally friendly goods and services, and 51 % feel they are improving their public reputation. On the operations side, 52 percent noted cost reduction as a key benefit, and 47 percent saw improved efficiency.
When asked how they view Raymond mill green manufacturing initiatives, 84 % told us that they see them as part of an overall optimization strategy. This marks a major sea change, and implies that environmental programs are becoming part of the standard arsenal of strategies employed to boost innovation and optimize operations," Katharine O'Reilly, EFT's Senior Vice President of Environmental Exploration, said in a statement last week. A statement made in April by Darin Yug, who leads Diamond Management & Technology Consultants, Inc.'s Supply Chain practice, echoes EFT Research's findings. "The idea of a green provide chain isn't exclusively about green issues," Yug said upon the release of a report titled The Case for a Green Supply Chain: Turning Mandate into Opportunity. "It's also about generating efficiencies and cost containment. Indeed, 96 percent of executives agree that environmental initiatives and traditional business objectives were far from mutually exclusive, and can and should be combined to move businesses forward, EFT concluded.