Sealed Air Champions EIU Study on Global Resource Challenges and Opportunities
In 2016, Sealed Air commissioned a study to better understand the perceptions and realities of resource usage in our customers’ operations. The report, developed by The Economist Intelligence Unit (EIU), draws on global survey findings and a complementary index that explore labor, natural and physical resource challenges.
As we know it, industries around the world are at a turning point as resource challenges caused revenues to decrease last year. Global megatrends such as population growth, urbanization, food, water, and energy scarcity, labor shortages and climate change are forcing companies to approach their business strategies in new ways. Sealed Air knew there needed to be a way to determine needs, review trends and identify solutions.
Therefore, the EIU conducted a survey of 800 business executives in the food & beverage, hospitality services, healthcare services, and consumer goods industries. And to complement those survey findings, the EIU developed the Global Resource Management (GRM) Index, a set of four unique, interrelated industry-focused indices that examine how companies and governments monitor resource use, plan for future challenges and commit to sustainable, intelligent resource management. The EIU also conducted in-depth interviews with business leaders and industry experts from around the world.
The compiled findings and insights can be found in the report Global Resource Challenges: Risks and Opportunities for Strategic Management. This document investigates the impact that resource scarcity has on businesses in the included industries, how companies are adapting their operations to better manage these risks and whether those adjustments align with the realities of the resource environment that the GRM defines within each industry.
Josselyn Simpson, EIU Americas editorial director, thought leadership, and editor of the report, said “the survey and the index, taken together, can help executives understand not only the effectiveness of current tactics to address resource challenges but also how they will need to adjust tactics going forward. For example, companies today most often focus on improving working conditions to address labor shortages, but looking ahead more companies will likely be able to find the skilled workers they need through local training as the skilled workforce grows in countries like Brazil, Chile, Malaysia and Vietnam.” Download the report and index for additional findings and key insights.
To continue reading the complete Sealed Air Sustainability report CLICK HERE