- The Chinese province of Sichuan is currently experiencing a major heat wave and drought. Sichuan is a large hub of international manufacturing, so this is especially bad news for the global supply chain. Sichuan gets about 80% of its electricity from hydropower and as the heat continues to increase, the local government has instructed factories to shut down completely so that the power that is available can be used for people living in affected areas.
Source: RideApart. Read the full article here.
- The disposable cup market is expected to see major growth by 2031 – and with paper being the most preferred material type, it will account for 48.6% of market share by 2031. Future Market Insights analytics shared that “With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market”.
Source: Future Market Insights. Receive a free sample of the report here.
- According to a recent research by AFLAC, 55% of consumers believe it’s important for companies to take a stand on key social, environmental, and political issues, and 73% of investors agree that a company’s efforts to help improve society and the environment contribute positively to stockholder investment return. With sustainability being such a hot topic, here are three ways that your business can tap into becoming more sustainable:
– Circular economy contribution
– Upcycling food
– Energy efficiencies
Source: Food Industry Executive. Read the full article here.