April 27, 2012: U.S. Industrial Companies Must Embrace Energy Management to Stay Competitive, Says Report
BOULDER, Colo. — Industrial and manufacturing companies in the United States must take additional measures to ensure they remain cost-competitive on a global scale, and the efficient use of energy is one area that U.S. industrial companies can improve upon to accomplish that, according to a report from Pike Research.
U.S. industry has had to understand energy use since it is such a critical input to their processes, says Pike Research. Industrial companies already have relatively high adoption rates for energy management initiatives. More executives are beginning to understand that they will lose substantial competitive positioning if energy management programs are not initiated in the near-term future. Facing high price volatility and stiff global competition for market share, these companies are quickly coming to the realization that energy and sustainability issues are a critical requirement for the competitiveness and even survival of their businesses.