Sustainable Manufacturing at Time Manufacturing Company
At Time Manufacturing Company, we understand that sustainable manufacturing begins with great people. Our Global Growth Plan is built around supporting and growing our team, which has grown from 800 to nearly 2,100 people since 2017. Our people make the difference in workplace safety and integrity, and they are the heart of our culture of First Time Quality. At Versalift and other Time Manufacturing Company brands, we understand that first time quality leads to a lower cost of ownership. In the case of Versalift, this contributes to the lowest rate of warranty claims and recalls in the industry, as well as lower equipment maintenance costs.
A Note on Sustainable Manufacturing From the EPA
In a recent publication, the U.S. Environmental Protection Agency notes that sustainable manufacturing is being widely adopted because it centers around waste reduction, product quality and employee safety. “A large and growing number of manufacturers are realizing substantial financial and environmental benefits from sustainable business practices. Sustainable manufacturing is the creation of manufactured products through economically-sound processes that minimize negative environmental impacts while conserving energy and natural resources. Sustainable manufacturing also enhances employee, community and product safety.”
Why Will Sustainability and Supply Chain Transparency Continue To Be Important?
Because of ballooning interest in ESG factors by consumers, regulators and investors, the largest companies in the world are working to demonstrate that their supply chains are sustainable. Currently, publicly traded companies are being pressured to make their suppliers’ supply chains more transparent. Additionally, manufacturers and distributors in the truck equipment industry continue to innovate and evolve, looking for new competitive advantages. Many aspects of the market are changing, including investor and purchaser demographics, technologies and regulations. The sustainability conversation is growing, and Time Manufacturing Company brands, including Versalift, BrandFX, Ruthmann, Aspen Aerials and Blueline, are poised to be a significant part of that conversation.
At Time Manufacturing Company, we have written a White-paper on ESG Factors that takes a closer look at how evolving views on Environmental, Social, and Governance risk factors are influencing corporate supply chains.
#ESG #Environmental #Social #Governance #Sustainability
