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Economy

Why It’s Still a Great Time to Get Into Plastics

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plastic hama beads

Everyone remembers the advice given to Dustin Hoffman’s character in “The Graduate”: “Plastics.” In the 1960s and 1970s, the plastic industry was just getting started, but today, we truly understand the rewards of working with the exceptionally malleable material. Plastic can take any shape; it can be both strong and flexible, both broad and detailed, both rugged and lightweight. It is the material of the present and the future, which means getting into plastics is always a good idea. If you need more proof, read on.

Plastics Are Going Green

It seems that the plastics industry and environmentalists have always butted heads, but with advancements in technology, plastic is quickly becoming one of the most sustainable materials on the planet. Almost all plastics manufactured today are nearly infinitely recyclable, which keeps them out of landfills and ocean garbage patches. Non-toxic resins and colorants are widely in-use, keeping dangerous pollutants from affecting customers and communities. Green policies ― like energy-efficient equipment, transport, and packaging ― save plastic manufacturers money, so businesses have plenty of incentives to be sustainable. For the most part it is consumers, not the industry, who are responsible for producing plastic waste, and enhanced education initiatives could curb even that.

Plastic is already nearly everywhere, from food packaging to electronics, which means plastic is integral to modern life. A future without plastics is utterly unforeseeable, which means that the time is now to break into the plastic industry.

The Technology Is Still Improving

Though the very first plastic was invented over a century ago, the material did not become popular until World War II, and even then, it was a rare commodity. The real plastic revolution occurred in the 1960s, when various types became incorporated into food packaging, furniture, clothing, tools, and more. Still, despite plastic’s now-ubiquity, it is a relatively new technology, and science still has much to learn.

Breakthroughs in plastic continue to occur, whether they be advances in manufacturing efficiency, like the universal shut-off nozzle for injection molding, or development of new types of plastic, like fascinating water-based co-polymers with self-healing properties. New personal 3-D printers, which make small-scale plastic manufacturing available in the home or office, are prime examples of the rapid improvement of plastic manufacturing technology, as the printers become smaller, faster, and more adaptable seemingly every week.

Experts have more than a few predictions for the future of plastic technologies. Most expect customers to demand more intricate, precision plastic parts, as customized manufacturing becomes more possible. Automated manufacturing using smart robots is also a likely development which will decrease costs and increase efficiency. As long as plastic technology continues to progress, the industry will remain relevant and strong.

The Industry Is Huge

In America, plastic is the third largest manufacturing industry, meaning it is absolutely massive. More than 900,000 Americans are employed in making plastics, and when plastic suppliers are included, that number jumps to more than 1.4 million U.S. workers. Every state boasts a plastic manufacturing plant, and most more than one; in total, there are roughly 16,000 factories across the country. In 2013 alone, the nation produced an astounding 107.5 billion pounds of plastic ― roughly 53.7 million tons.

The U.S. plastics industry is so large because the entire world relies on our nation’s supply. The U.S. exports plastics around the world, and some of the largest countries ― in particular, China, Canada, and Mexico, which are the top three importers ― depend on regular shipments of plastic goods. Even as the world emerges from the recession of the late ‘00s, many manufacturing industries continue to flounder, but plastics is only gaining in size and strength.

plastic factory machine

The Industry Is Strong

Between 2011 and 2012 ― at the height of the recession ― the plastic industry grew more than 5.7 percent, from $237.6 billion to $251 billion. Every year, plastic manufacturers are optimistic enough to invest billions of dollars in new capital equipment, demonstrating that they foresee a long and fruitful future in the industry. In fact, experts estimate that by 2018, the injection mold market alone should reach more than $252 billion, a growth of more than 5.6 percent for that particular sector. The need for plastics is only increasing, demonstrating that the industry will remain strong for the foreseeable future.

 

Economy

How Going Green Can Save A Company Money

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going green can save company money
Shutterstock Licensed Photot - By GOLFX

What is going green?

Going green means to live life in a way that is environmentally friendly for an entire population. It is the conservation of energy, water, and air. Going green means using products and resources that will not contaminate or pollute the air. It means being educated and well informed about the surroundings, and how to best protect them. It means recycling products that may not be biodegradable. Companies, as well as people, that adhere to going green can help to ensure a safer life for humanity.

The first step in going green

There are actually no step by step instructions for going green. The only requirement needed is making the decision to become environmentally conscious. It takes a caring attitude, and a willingness to make the change. It has been found that companies have improved their profit margins by going green. They have saved money on many of the frivolous things they they thought were a necessity. Besides saving money, companies are operating more efficiently than before going green. Companies have become aware of their ecological responsibility by pursuing the knowledge needed to make decisions that would change lifestyles and help sustain the earth’s natural resources for present and future generations.

Making needed changes within the company

After making the decision to go green, there are several things that can be changed in the workplace. A good place to start would be conserving energy used by electrical appliances. First, turning off the computer will save over the long run. Just letting it sleep still uses energy overnight. Turn off all other appliances like coffee maker, or anything that plugs in. Pull the socket from the outlet to stop unnecessary energy loss. Appliances continue to use electricity although they are switched off, and not unplugged. Get in the habit of turning off the lights whenever you leave a room. Change to fluorescent light bulbs, and lighting throughout the building. Have any leaks sealed on the premises to avoid the escape of heat or air.

Reducing the common paper waste

paper waste

Shutterstock Licensed Photo – By Yury Zap

Modern technologies and state of the art equipment, and tools have almost eliminated the use of paper in the office. Instead of sending out newsletters, brochures, written memos and reminders, you can now do all of these and more by technology while saving on the use of paper. Send out digital documents and emails to communicate with staff and other employees. By using this virtual bookkeeping technique, you will save a bundle on paper. When it is necessary to use paper for printing purposes or other services, choose the already recycled paper. It is smartly labeled and easy to find in any office supply store. It is called the Post Consumer Waste paper, or PCW paper. This will show that your company is dedicated to the preservation of natural resources. By using PCW paper, everyone helps to save the trees which provides and emits many important nutrients into the atmosphere.

Make money by spreading the word

Companies realize that consumers like to buy, or invest in whatever the latest trend may be. They also cater to companies that are doing great things for the quality of life of all people. People want to know that the companies that they cater to are doing their part for the environment and ecology. By going green, you can tell consumers of your experiences with helping them and communities be eco-friendly. This is a sound public relations technique to bring revenue to your brand. Boost the impact that your company makes on the environment. Go green, save and make money while essentially preserving what is normally taken for granted. The benefits of having a green company are enormous for consumers as well as the companies that engage in the process.

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Economy

Report: Green, Ethical and Socially Responsible Finance

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“The level of influence that ethical considerations have over consumer selection of financial services products and services is minimal, however, this is beginning to change. Younger consumers are more willing to pay extra for products provided by socially responsible companies.” Jessica Morley, Mintel’s Financial Services Analyst.

Consumer awareness of the impact consumerism has on society and the planet is increasing. In addition, the link between doing good and feeling good has never been clearer. Just 19% of people claim to not participate in any socially responsible activities.

As a result, the level of attention that people pay to the green and ethical claims made by products and providers is also increasing, meaning that such considerations play a greater role in the purchasing decision making process.

However, this is less true in the context of financial services, where people are much more concerned about the performance of a product rather than green and ethical factors. This is not to say, however, that they are not interested in the behaviour of financial service providers or in gaining more information about how firms behave responsibly.

This report focuses on why these consumer attitudes towards financial services providers exist and how they are changing. This includes examination of the wider economy and the current structure of the financial services sector.

Mintel’s exclusive consumer research looks at consumer participation in socially responsible activities, trust in the behaviour of financial services companies and attitudes towards green, ethical and socially responsible financial services products and providers. The report also considers consumer attitudes towards the social responsibilities of financial services firms and the green, ethical and socially responsible nature of new entrants.

There are some elements missing from this report, such as conducting socially responsible finance with OTC trading. We will cover these other topics in more detail in the future. You can research about Ameritrade if you want to know more ..

By this report today: call: 0203 416 4502 | email: iainooson[at]mintel.com

Report contents:

OVERVIEW
What you need to know
Report definition
EXECUTIVE SUMMARY
The market
Ethical financial services providers: A question of culture
Investment power
Consumers need convincing
The transformative potential of innovation
Consumers can demand change
The consumer
For financial products, performance is more important than principle
Competition from technology companies
Financial services firms perceived to be some of the least socially responsible
Repaying the social debt
Consumer trust is built on evidence
What we think
ISSUES AND INSIGHTS
Creating a more inclusive economy
The facts
The implications
Payments innovation helps fundraising go digital
The facts
The implications
The social debt of the financial crisis
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Ethical financial services providers: A question of culture
Investment power
Consumers need convincing
The transformative potential of innovation
Consumers can demand change
PUTTING FINANCIAL SERVICES IN AN ETHICAL CONTEXT
An ethical economy
An ethical financial sector
Ethical financial services providers
GREEN, ETHICAL AND SOCIALLY RESPONSIBLE ISSUES IN FINANCIAL SERVICES
The role of investing
Divestment
The change potential of pensions
The role of trust
Greater transparency informs decisions
Learning from past mistakes
The role of innovation
Payments innovation: Improving financial inclusion
Competition from new entrants
The power of new money
The role of the consumer
Consumers empowered to make a change
Aligning products with self
THE CONSUMER – WHAT YOU NEED TO KNOW
For financial products, performance is more important than ethics
Financial services firms perceived to be some of the least socially responsible
Competition from technology companies
Repaying the social debt
Consumer trust is built on evidence
Overall trust levels are high
THE ETHICAL CONSUMER – SOCIALLY RESPONSIBLE ACTIVITIES
Payments innovation can boost charitable donations
Consumer engagement in socially responsible activities is high
Healthier finances make it easier to go green
SOCIALLY RESPONSIBLE COMPANIES
37% unable to identify socially responsible companies
Building societies seen to be more responsible than banks….
….whilst short-term loan companies are at the bottom of the pile
CONSUMER TRUST IN THE BEHAVIOUR OF FINANCIAL SERVICES COMPANIES
Overall trust levels are high
Tax avoidance remains a major concern
The divestment movement
Nationwide significantly more trusted
Trust levels remain high
CONSUMER ATTITUDES TOWARDS GREEN AND ETHICAL FINANCIAL PRODUCTS
For financial products, performance is more important than principle
Socially conscious consumers are more concerned
CONSUMER ATTITUDES TOWARDS TRANSPARENCY
Strategy reports provide little insight for consumers
Lack of clarity regarding corporate culture causes concern
Consumers want more information
THE ROLE OF FINANCIAL SERVICES FIRMS IN SOCIETY
The social debt of the financial crisis
THE SOCIAL RESPONSIBILITIES OF FINANCIAL SERVICES FIRMS
For consumers, financial services firms play larger economic role
Promoting financial responsibility
CHALLENGER COMPANIES AND SOCIAL RESPONSIBILITY
Consumer trust is built on evidence
The alternative opportunity
The target customer

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