As we struggle to cope with tough economic conditions, the pressure on companies faced with rising energy costs mounts as prices look set to jump by 15 per cent over the course of this year. With the Office of National Statistics recently putting factory gate inflation at 5.7 per cent, attention must now turn to taking costs out of each business in order to remain competitive. Alternatively, this advice can be ignored and the costs passed on to the consumer; but then this does run the risk of being priced out of the market altogether. For manufacturers to remain competitive, a more sustainable approach to production processes through investment in energy efficiency is the wisest course of action. Some measures can be surprisingly simple and cost-effective, offering considerable cost savings and not necessarily involving a major investment programme.
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