Global supply chain shortages are impacting every industry and household across America. Consumers see grocery store limitations and empty shelves. Business owners rely on their gut instinct rather than data-driven research and past performance. Multiple sources say we need to brace for more shortages and get used to it, while others note this is only temporary1. In August 2021, Bloomberg shared:
“Manufacturers reeling from shortages of key components and higher raw material and energy costs are being forced into bidding wars to get space on vessels, pushing freight rates to records and prompting some exporters to raise prices or simply cancel shipments altogether.” 2
It’s hard to see these supply chain bottlenecks resolved any time soon, so what can you do in the meantime to overcome these uncontrolled costs?
Today’s crisis is an opportunity for business owners to focus on cost optimization. Businesses need to focus on increased efficiency, retaining their workforce, reducing costs, and increasing sustainability to name a few.
Smart lighting with technologies such as IoT devices or sensors is leading the way, offering rapid payback and immediate results. Lighting impacts every aspect of your business and is often referred to as the “low hanging fruits” of energy and maintenance savings.
According to the Department of Energy, lighting accounts for 11% of utility consumption3. Lighting improves workplace efficiencies and increases profitability.
Here are just a few reasons why you should consider undergoing an LED lighting conversion:
With LED lighting solutions, you can focus on areas that matter most to you (like your customers, your fellow employees, and your bottom line).
Contemporary Energy Solutions has successfully integrated over 2,000 energy-efficient lighting projects since 2011. Our team has invaluable hands-on experience in developing and managing successful projects. Learn more about how we can help you reduce your monthly utility expenses and lower your carbon footprint by contacting us at firstname.lastname@example.org or give us a call at 1-800-893-2388.
1 Son, H. (2021, October 11). JPMorgan’s Dimon says supply chain hiccups will soon ease, points to extraordinary consumer demand. CNBC. https://www.cnbc.com/2021/10/11/jpmorgans-dimon-says-supply-chain-hiccups-will-soon-ease-points-to-extraordinary-consumer-demand.html
2 Wang, C. (2021, August 25). The World Economy’s Supply Chain Problem Keeps Getting Worse. Bloomberg. https://www.bloomberg.com/tosv2.html?vid=&uuid=3e5bfca9-2b68-11ec-9e1c-765351464b4d&url=L25ld3MvYXJ0aWNsZXMvMjAyMS0wOC0yNS90aGUtd29ybGQtZWNvbm9teS1zLXN1cHBseS1jaGFpbi1wcm9ibGVtLWtlZXBzLWdldHRpbmctd29yc2U=
3 Department of Energy. (2015, September). QUADRENNIAL TECHNOLOGY REVIEW: AN ASSESSMENT OF ENERGY TECHNOLOGIES AND RESEARCH OPPORTUNITIES (Chapter 5). https://www.energy.gov/sites/prod/files/2017/03/f34/qtr-2015-chapter5.pdf
4 Connell, A. (2013, April 4). The Advantages of LED Lights for the Environment. SEPCO. https://www.sepco-solarlighting.com/blog/the-advantages-of-led-lights-for-the-environmentc[/vc_column_text][/vc_column][/vc_row]