I've been doing quite a bit of research recently on how companies can embrace sustainability and green initiatives while also saving a significant chunk of change (often there's an investment period of 12-36 months per initiative before positive returns are achieved). Later this summer, I'll share some of these findings in a new Spend Matters Perspective on the subject. But until then, here's another example about how companies can go green and save green, courtesy of Supply Chain Management Review. According to the story, it's now possible to calculate the specific weight-related benefits of plastic pallets over traditional wooden ones. This new tool, accessible via a link in the article, "uses data from the U.S. Environmental Protection Agency that quantifies relationships between cargo weight, fuel usage and greenhouse gas emissions." My own back of the napkin calculations suggest that the savings should average between 10-20% depending on fuel costs.
- Jason Busch