All posts by: BM Master

7 ways to cut back your business water expenses

Business utility expenses are something that you simply can’t escape, but they can quickly start to take up a huge chunk of your monthly company outgoings. Your water bill is something that has to be paid if there is a supply of water to your business premises, but did you know that it is possible to reduce it? From performing an audit to find out where you might be wasting water to educating employees on conserving more water, there are several things that you can do to drive the cost of your monthly business water bill down as much as possible.

Check for leaks

Leaks are one of the most common causes of wastewater, and the unfortunate truth is that you don’t always know that you have one until it is too late. If you’ve noticed a sudden spike in your water bills even though usage hasn’t changed, or your water bills are going up and up even though nobody has been in the office during the COVID-19 crisis, it could well be a leak that is to blame. Spend some time trying to locate the source of the leak; if it is difficult to find or you’re not sure where to start, get a plumber to help you.

Conduct a water audit

The word ‘audit’ isn’t one that any business owner wants to hear – but don’t worry, this one will actually save you money! You’ll find a DIY self-assesment water efficiency audit in the Water Efficiency guide provided by Business Stream, one of the UK’s most experienced water suppliers. They know a thing or two about saving businesses money on their water, so there’s plenty of free advice available over on their website. Visit business-stream.co.uk to find out more.

Try an alternative water source

There are many benefits to using local, alternative water sources for your business. Rainwater harvesting, for example, can be a cheap and very efficient way to get useable water for your company compared to using the standard water provider in your area. Another option is wastewater recycling; recovering wastewater is another environmentally-friendly and often cheaper way to make the most of this resource and reduce water waste in your local area overall.

Water conservation policy

You might find it useful to have a water conservation policy for your business. When employees are not paying the company bills, they might forget just how much water can cost – and if people are using more water than they need to for tasks like washing their hands, washing the dishes or cleaning, it can end up being an unnecessarily large expense for your business. A water conservation policy in place can help you protect this resource within your business and give employees clear guidelines on how much water should be used for different tasks.

Water-saving devices

There are several devices that you can invest in to help your business save more water without having to make very many changes to the way that everybody does things. For example, you can get devices that can be fitted on toilets to use less water when flushed, or devices to fit on taps to prevent water wastage and only use the amount that is absolutely necessary. The best part is that even though they are saving water, these devices do not usually cause much, if any disruption, to the way that taps and toilets work, and you and your employees will forget that they are even there.

Switch your supplier

Finally, it’s easy to switch your commercial water supplier – so if there’s the option to go with another provider, it’s definitely worth looking into it to see if it would be a cheaper option for you. Be sure to give accurate details when signing up with a new provider so that your new water supply is priced accurately for your business; even simple info like how many employees you have working for you can make a difference.

Employee education

Finally, taking steps to educate your employees on the benefits of conserving water and how to conserve water in the workplace will benefit not only your business but the individuals who work for you too. Many of the tips and tricks for using less water carry over well into residential areas too, so employees who are provided with education on conserving water at work can take these tips home and use them there, too, in order to save their own money as well. You might want to consider putting up posters around the office to educate employees on various ideas to save water, or providing a training session where employees can get together and discuss their ideas.

Water can easily become a huge monthly expense for a business, but the good news is that there are plenty of things that you can do to drive that cost down.

Covid-19 disruption hits first quarter UK productivity levels

Official statistics from the Office of National Statistics (ONS) show that productivity levels in the UK dropped in the first quarter of 2020. This news was far from unexpected given the Covid-19 pandemic and the impact it’s had on the economy, causing many businesses to close down and many employees to work from home.

Overall, productivity fell by 0.6% and productivity per worker was down 3.1%. These statistics all cover the period from the beginning of January through to the end of March. And the fall in percentages are calculated by comparing statistics from the same period last year in 2019.

Afbeelding van KazuN via Pixabay

The impact of the Job Retention Scheme

One of the things that these early 2020 statistics show us is the impact of the job retention scheme on the UK workforce. It means that we can already see the impact of the pandemic and the job retention scheme the UK government instigated to mitigate the outbreak’s impact on the economy.

The job retention scheme saw large swathes of the UK workforces effectively furloughed, meaning they remain employed but not active. During this time, the government covered and in many cases still continues to cover 80% of their total wages.

Further productivity slump expected in the second quarter

One thing to note about these productivity numbers is that they’re likely only the beginning of what we’re going to see in the year ahead. The second quarter productivity and output figures are expected to be far worse because this was the period in which the nation was in lockdown.

Many are still hoping for a V-shaped economic recovery, meaning things return to normal in the economic sense sooner rather than later. But that’s not guaranteed, especially in the event of a second wave and further lockdown measures being implemented.

The new reality of home working could be here to stay

It’s not entirely clear whether working from home has a positive or negative impact on people’s productivity levels, or even whether it has much of any kind of impact at all. There are some things people can do to remain productive while working at home though.

The right furniture such as cheap but good quality office chairs, a quiet space that’s dedicated to work and a healthy work-life balance all contribute to better levels of individual productivity. That’s something that many employers will have to encourage and facilitate in the months ahead.

The lingering problem of UK productivity

One factor that can’t be ignored is that the UK has for a long time now been trailing its European neighbours when it comes to productivity levels. It’s a lingering problem and one that successive governments have found it hard to overcome or even find an explanation for.

It’s believed by many that the main reason for such worker productivity figures lies with the fact that there’s been severe underinvestment in skills and IT by many leading business owners and company executives. Changing that might be the first step to addressing this wider problem.

Manufacturers beg government to extend the furlough scheme

More than 50 per cent of manufacturers believe that they will have to make workers redundant in the next six months if the government doesn’t take drastic action to extend the furlough scheme. Bosses predict a slump in demand in the post-COVID period, making job loss inevitable. 

The UK, argues an industry representative body, will experience a “jobs bloodbath,” seeing thousands of people from the most deprived communities made unemployed. The report, by Made UK, shows firms ramping up their redundancy plans and preparing for inevitable mass layoffs. 

Credit – Pexels

The news comes on top of dire news for the labour market already. The government introduced the furlough scheme in March, but it maintains that it will not be able to save everyone’s job. Unemployment could rise above ten per cent to levels not seen since the 1980s. 

Currently, more than nine million people are enrolled on the furlough scheme, but that is set for a rollback in October under current plans. Between now and then, policymakers are scrambling to come up with ideas that will help return the economy to normal before the deadline. Current economic trajectories for job creation suggest that many firms are going to struggle to keep sales high enough to warrant job retention. 

Kettering Online – a higher education establishment – says that UK firms need to take lean approaches to manufacturing more seriously if they want to stay afloat. And they are not alone. Downing Street believes that without radical changes to the sector, the long-term health of the economy could be under threat. Currently, around a third of companies plan to cut between 11 and 25 per cent of their workforces. Redundancies are also rising fast, with 53 per cent of companies telling Make UK that they were going to lay people off in the next six months. Only 25 per cent predicted that they would need to make redundancies two months ago. 

Credit – Pexels

Sentiment in the sector has also taken a significant knock. Forty-two per cent now believe that it will take longer than 12 months for trading to return to normal. And only 15 per cent say that they are operating at full capacity. 

The shape of recovery for the broader economy appears to be V-shaped. Demand, jobs, and incomes are bounding back at a remarkable clip – far faster than many commentators anticipated in March. The manufacturing sector, however, is finding trade sluggish and expects the recovery to be much longer in the industry. 

The personal impact on people in the industry is distressing, with many of the most impoverished towns in the country most affected by the fall-out of mass layoffs. The economy as a whole, however, could suffer long-term if high-skill workers find themselves unable to deploy their skills. The UK’s ability to add value in the future might be limited, according to Make UK CEO, Stephen Phipson. 

Recently Sir Patrick Vallance – the UK’s top scientific advisor – said that further lockdowns were likely if the virus returned for a second wave. Winter, he says, will be challenging, for industries, like manufacturing. 

 

 

 

How retail businesses are keeping people in store

It’s a tough time for businesses everywhere, and if you run a business then you will have seen the effect covid has had. One of the major things that businesses are hoping to do is simply to get people coming back into store again and again. There are a lot of approaches that they are taking, and these are the kinds of things that any retail entrepreneur is likely to want to look into. Some of the major changes that businesses are making are likely to stick around, while some might be temporary – but they are all worth investigating as genuine attempts to keep businesses alive and well.

Credit – Pixels

Bold marketing

One of the things that always helps to keep people in store is good marketing, and that is something that a lot of businesses are rediscovering right now. There are countless ways to market a business, but the important thing is that it is happening at all, and this is something that most entrepreneurs will need to bear in mind as much as possible. The bolder the marketing, the more likely it is that a business will survive these challenging times, so it’s something that more and more people are turning to right now.

Strong POS

The point of sale has always been an important part of the customer’s experience in-store, and therefore it is no surprise that it is something that stores are having to reappraise and look at in some detail now. With strong POS, there is much more that can be achieved, and it is much easier to keep the customers coming back for more. With a good POS system, a retail store can help the customer to have the best possible experience, which is something that will always relate to better numbers in terms of people coming in and spending time in store. What’s more, POS can always be improved upon, no matter how good a position it has got to.

Photo by Artem Beliaikin from Pexels

Cleanliness

At this time in particular, people are very concerned about being clean, for obvious reasons. With businesses having to follow particular protocols, and a lot of customers having to do the same too, you can be sure that one of the best ways to keep people coming back is to make sure the store is as clean as possible. This is definitely something that a lot of retail businesses are looking at right now, and it is something that is worth considering. Not only does it make life better for the customers, but the staff are happier about it too, and it is also something of a moral and ethical duty to ensure that stores are kept clean right now.

These are some of the basic ways in which retail businesses are keeping people in store and coming back for more. Of course, there are many others as well, but these three are some of the most essential and most common right now.

Shipping industry bouncing back from effects of coronavirus

Afbeelding van Christo Anestev via Pixabay 

The shipping industry, like many others, was hit bad by the onset of the novel virus. With governments putting out policies that put restrictions on many operations, it looked like the industry came to a halt. Demand for certain goods plummeted, and everything from oil tankers to container ships was affected. Apart from the strain on financial growth, motivation has also been affected. However, the industry is gearing up for a comeback with the ease of restrictions.

It started with the shipping industry in China experiencing a downfall in operations since the virus started from there. Gradually, other parts of the world began to feel the ripple effect since most of the industry’s prosperity is tied to China. As time went on, the problem got worse, especially between January to March, with no certainty about what the future holds.

By April, there was a glimpse of hope with the numbers showing a significant increase in the demand for services, especially from some parts of Asia, including South Korea and Japan. This increase in demand spelt improvement in the market, meaning things could go back to normal. But with the uncertainty still lurking, this improvement should be considered as a critical stage, and so there still needs to be an eye on the industry.

With this increase in demand and potential bounce-back of the industry, stakeholders are taking strides to take their ships back on the sea for business. With some being idle, there has been a need for maintenance so that there can be as little interruptions as possible. At such a volatile time, shipping managers, in particular, cannot afford not to be prepared. Many are looking to Alfa Laval Distributors UK, for example, to replace old and worn out parts for more efficient running or the ships.

Safety measures on ships have also been strict about leaving no room for accidents and the spread of any illnesses. Basic supplies, including gloves, hand sanitizer, and disinfectants, rubbing alcohol and cough medicine, are to be made available for everyone on board, including health workers. All companies engaged in shipping are expected to adhere to the guidelines outlined by authority bodies like WHO. Shipowners are also expected to conduct very detailed training on identifying symptoms of the coronavirus illness as well as to conduct pre-boarding screening.

Also, attention is being given to ensuring all stakeholders have the right documentation for operations. All activities on the sea are being monitored to ensure that there are no mishaps. Authorities are working hand in hand with ship owners, managers, port operators and other recognised bodies in the maritime and shipping sector, all in the best interest of the industry.

Some borders are still closed to operations of the shipping sector, and stakeholders are also seeking out more efficient ways to go around such obstacles so as to not experience too much of a setback.

While it is a good sign that things are getting back to normal for some industries, the times are still critical, and so there is no room for complacency.

How to know if a franchise is worth joining or not

The franchise model can be attractive to many, and it does have its advantages. However, not all franchises are created equal, and choosing the right one is not always an easy choice. Some people might consider franchises because they actually like a business and its model. Others may choose to go from independent to franchisee and go for the most recognisable name in the business. But there is a lot that should go into picking a particular franchise to represent, and you should take the time to look into each one in detail before you make your decision. Here’s how to know if a franchise is worth your time or not.

Look at the growth

Ideally, you want a brand that shows steady growth. There are some cases when you can go for stability as well, but a rising franchise with great growth opportunity is usually your best bet.

Don’t take the company’s word at face value, however. Some will give some market figures to show growth potential, but you need to do your own research. You also have to consider the opportunities where you are. Even if you join the best window cleaning franchise in the world, it won’t make that much of a difference if you’re in a small or oversaturated market.

Look at unit growth

Another thing you have to do is look at unit growth. This is the number of new franchisees that have joined over a certain period of time. One great thing about buying a franchise with a lot of locations or franchisees is that you’ll benefit from their brand recognition, which is one of the main reasons people decide to join a franchise in the first place.

However, you shouldn’t look at franchise unit numbers only. You also have to know if the company is doing what it takes to prevent franchises from cannibalising themselves. For instance, companies that let anybody open a franchise with little consideration for geographical location essentially open the door to oversaturation. This is why you have to make sure that they have some sort of cap on the number of franchisees that can occupy a certain area.

Look at the management

A new franchise might seem attractive, especially when the original brand is well known and successful. However, while it’s one thing to run a successful location, it’s a whole other thing to run an entire franchise. So, you have to look at the management in detail and see who’s in charge. You want to know how long the company has been franchising, and speak with the franchisee support staff and management to see if you’re on the same page and how you can expect your relationship to be.

If you want to compare franchise opportunities and look at different franchises for sale without having to do too much legwork, we strongly suggest you check find franchises for sale on Franchise Local. This is one of the biggest directories if you’re looking for a franchise UK, and it will give you tons of information such as how much you have to spend to open a franchise, how long it was established, and even how long you can expect before you break even. They will allow you to build a list of competing franchises in specific industries, and get a quick snapshot of which ones you feel would be the best for you.

What kind of support do they offer?

This is one of the most important things when choosing a franchise. The last thing you want is to pay an exorbitant fee to use their name only for them to go missing when you need them. You want to work with a team that will be with you every step of the way, and will help you with sales and marketing. You not only want them to help, but also to be in tune with the latest marketing trends in the industry. You don’t want to have to pay advertising royalties on outdated methods that don’t get you any return, so be aware of that.

Franchisee satisfaction

This one should give you a quick indication of whether a franchise is a good option or should be avoided at all costs. Franchisee sentiment is everything, and if a lot of them seem to be frustrated with head office, then it’s usually an indication that the franchise is not doing well. While the situation may be temporary, if you notice that nothing has changed in a while and franchisees still have the same complaints, then it would be a better choice to look elsewhere.

If you want to know if a franchise could be a winner or not, ensure that you take these factors into consideration. Make sure that you know the general opinion people have of it, how well it’s run, and how invested they’ll be in your success.

Sustainable manfacturing could create 1 million UK jobs

Photo by Tiger Lily from Pexels

According to a recent report published by the Manufacturing Technologies Association, green manufacturing could create, ‘400,000 to 1 million jobs in the economy as a whole.’ The MTA further concluded that the effect on the GDP would be extensive, ‘adding some £8bn to £20bn to UK manufacturing and it’s supply chains.’

Data from The Guardian reported 150,751 redundancies in the UK so far, due to the economical impact of COVID-19. As the economy continues to struggle, green-manufacturing could well be the answer we’re looking for, to boost the economy and protect the planet over the next few years.

Over the last several years, the UK has established itself as a leader in our greener future. Since 1990 the UK has reduced carbon emissions by 44%, committing to a net-zero target (the first country to do so). For the UK to achieve net-zero by the year 2050, it should cost between 1% to 2% of the GDP each year. It’s widely believed that this target is both manageable and affordable.

Moving towards decarbonisation

Primary policy efforts have resulted in considerable tech advances that will be used to develop the transport and energy generation sectors. Future policies across the globe are likely to focus on the price of carbon. It’s expected that new standards and regulations will increase the cost of carbon. Firms will incur expenses to adhere to mandatory reductions in emissions. The idea is that those corporations who fall short of targets will have to pay the price.

To date, it’s believed that carbon expense action is not as stringent as it should be. According to the MTA, carbon pricing, ‘applies to only some 20%-odd of global GHG emissions.’ Thankfully, changes are on the way as markets begin to use rating agencies and equity analysts. An eco- transition must involve decarbonising the products and procedures across the entire supply chain.

In our efforts towards decarbonisation, the UK must look to Sweden for inspiration. Sweden took steps towards decarbonisation back in 1971, while still managing to achieve economic growth. The MT reported that the Swedish economy has grown by 78% since then, decreasing emissions by 26%.

The UK & sustainable packaging 

One particular area that the UK is leading in is sustainable packaging. YouGov data suggests that 33% of people in the UK make a conscious effort to buy goods with eco-friendly (or recyclable) packaging materials. Many companies are changing their packaging processes to avoid losing consumer appeal. One survey in The Guardian found that ‘Fifty percent said they would be willing to pay a higher price for goods in biodegradable packaging.’

Back in 2018, the UK invested £60 million to develop earth-friendly packaging. Sustainable packaging initiatives aim to:

  • Reduce the amount of packaging that gets sent to landfill.
  • Increase the shelf life of various products.
  • Focus on biodegradable and sustainable materials.
  • Use smart packaging to gain an eco-friendly edge.

As the importance of sustainability grows, the UK must balance social responsibility and economic growth.

 

 

 

 

 

 

 

Forex robots are taking over the trading world – should you ride the wave?

The forex market has proven to be a land of opportunities for traders looking to build their wealth. With patience, lots of experience, and technical knowledge, traders have been able to earn fortunes by trading currency pairs on the largest financial market out there.

In time, the forex market was tremendously changed by technology, with traders now being able to do everything on the go, including reading financial news, observing market trends, and entering or exiting trades. But trading is nowhere near easy and requires a lot of effort and control over your emotions because the slightest mistake can turn into significant losses.

To reduce those risks and help traders who don’t have the required experience and technical knowledge, experts have developed automated forex trading systems (a.k.a. forex robots). Forex robots are based on given sets of trading signals, which the system uses to determine when to enter or exit a trade. This way, the influence of human emotions is eliminated because the robots never divert from the set rules.

Forex robots are not exactly new on the market, but it is only now that these systems started becoming popular among traders, both novice and experienced. But just like any new technology, the first question people are going to ask is, does it work? Will it really improve my trading experience, or is it just a scam? And, most importantly, is using a forex robot better than manual trading?

Because the forex market is often unpredictable, and there are thousands of strategies one can use to make profits, there can’t be a straight-forward answer to any of the questions above. However, by understanding how forex robots work, you will be able to determine if using one is suited for your trading style and goals.

Photo by Kevin Ku on Unsplash

What exactly is a forex robot?

To put it simply, a forex trading robot is a specialized software developed using specific mathematical algorithms and technical indicators to generate trading signals. These signals help determine when to buy or sell a currency pair. Their purpose is to minimize risks associated with human emotions, which traders know can affect their experience, as well as allow traders to eliminate the repetitive, technical-analysis aspect of the trading experience.

Forex robots can either be programmed to deliver these signals to traders, so the trader can use them when determining whether to enter or exit a trade, or act on these signals on their own.

Contrary to what many people think, using these systems does not mean you can just go on about your life and wait for your pockets to fill with cash. Most viable automated trading systems require human supervision and even a bit of adjustment from time to time, as the market can change at any moment.

Top-rated forex robots don’t go on collecting wins for the trader, but rather scan unearthly amounts of charts based on the indicators they have been programmed to use, and find trading opportunities. These opportunities are then recommended to the trader, but some robots can also act on them based on a given set of parameters.

Are forex robots genuinely effective?

This question is somewhat challenging to answer because for a robot to be 100% effective, the environment needs to stay the same, or the robot needs to learn how to adapt to market changes on the spot. FX robots are often believed to go on making profitable trade after profitable trade, but in reality, things don’t exactly work like that.

There are, indeed, lost of advantages to using an FX robot, especially for those who lack knowledge of the market. One of the main advantages is that you can trade nonstop, as the system is constantly analyzing charts and can make decisions on your behalf. The process is also time-saving, as an FX robot can execute multiple trades in seconds, maximizing opportunities for profit. Last but not least, there’s the influence of human emotions, which can prevent traders from making the right decisions at times, while a robot will use the given technical indicators to execute trades, eliminating such risks.

The most profitable way of using a forex robot is by combining its abilities with your skills and knowledge, rather than allowing the robot to make decisions for you. Using the software to take the repetitive workload off your shoulders will allow you to focus on tasks that require a more human-centered approach, such as observing sudden shifts in the market or anticipating trends.

What about limitations?

A forex robot does have its limitations in terms of accuracy, and traders should be well-aware of them. Many free-to-use robots are nothing more than scams, but there are also some that work surprisingly well, so you need to do your research very carefully and only take into consideration reliable sources.

Automated trading, although very promising, only works within a range and in the presence of a clearly defined trend. Usually, those traders who use auto trading are only able to generate a few pipes of profit, which means a good robot can be very useful for scalping – a short-term forex strategy in which traders enter and exit positions in a matter of minutes. However, large price swings can wipe down your profits in a split second, so be very careful.

Market volatility and negative trends can also hurt your profits if the robot is not quickly trained to spot fast changes. This means you should use an automated trading system only with strong trends that don’t change their direction fast.

Bottom line – robots and humans working together

While it would be fantastic to sit back and watch as a robot happily grows out wealth, such dreams remain distant still. Automation has tremendous potential for traders and could be a game-changer in the future, but as of now, putting your finances entirely in the “hands” of a robot is not exactly viable.

However, combining the help of a well-developed forex robot with your experience and knowledge of the market can result in a profitable trading experience. The robot can take on tedious tasks, such as analyzing huge amounts of charts and finding profitable opportunities, while you can focus on how to make the most out of these opportunities.

SME growth in the new normal: how to get more online reviews

Afbeelding van Gerd Altmann via Pixabay

The Coronavirus pandemic has impacted the economy in unprecedented ways. Sure enough, the SME sector felt the brunt of the fallout as countries went into quarantine in an effort to stop the spread of the virus. Now as restrictions begin to ease up, businesses will need to take this time of recovery to rethink the way they engage their audience.

Indeed, it only took three months for many brick-and-mortar enterprises to close down. On the other hand, some were able to thrive as they migrated their marketing efforts online. Seeing as consumers are encouraged to stay at home throughout this pandemic, the reliance on eCommerce has been amplified.

And given the fact that there are restrictions to in-store visits, customers will have to make decisions based on what others think about a certain product or service. 

Last year, 88% of consumers wrote reviews about a product or service they purchased. In this current situation, online reviews are becoming even more important to local SMEs as they need to build credibility and attract new customers. 

It’s only a matter of figuring out how to get more positive sentiments for your brand. Here are a few tips you need to stay competitive in the “new normal”:

1. Send emails

Using a list of contacts, you can initiate an email campaign that automatically sends reminders for customers to leave a review about their recent purchases. You only need to set up an email marketing funnel that triggers automatic sendouts after every successful transaction. This should encourage your customers to give their feedback after using the product for the first time. For this, you need to consider the right email automation platform to use. 

2. Be responsive and proactive

What do you do when someone leaves a positive review about your product? For sure, you don’t want to leave your customer hanging. Their feedback is valuable and responding to every query or opinion can leave a lasting impression on potential customers. It lets people know you value what your audiences have to say, thereby encouraging them to engage in the same way. So, don’t just leave reviews as they are. Make the effort to actually read and respond to them. Who knows? Maybe you can find crucial insights that can help develop your business.

3. Feature your reviews

Another way you can encourage people to engage your brand is to pick out the best review and feature it on your website or social media page. Not only will you generate more customers, but sharing reviews can also encourage more people to give their insights about your product or service. Just don’t forget to mention and thank the person who gave the glowing review about your brand.

When buying online, the best way you can vouch for a product’s quality is by reading online reviews about it. As your SME migrates its marketing efforts online, it’s important to focus on generating a positive appeal among your audience. Use these tips to generate social proof for your brand.

 

 

 

 

 

Cellulose could help tackle the problem of consumer electronics sustainability

Sustainability has long been a problem for the consumer electronics industry, and the electronics industry generally. A range of problems, from the sourcing of particular materials to the issue of planned obsolescence, have caused frustration for end users. But the pressure is mounting to find ways of tackling this problem and to make sustainability a top priority. It’s now believed that this could come in the form of cellulose in electronics manufacturing processes.

Afbeelding van Jacek Abramowicz via Pixabay

How cellulose can be harnessed

Cellulose is the main component that’s found in the cell walls of plants. It’s also now believed, thanks to extensive research in Sweden, that cellulose is capable of being used to create sustainable alternatives to lithium-batteries. In essence, this would mean creating a whole new way of storing energy.

It’s something that, in theory, all kinds of electronic devices will be able to take advantage of. Not only will it mean devices being manufactured in more sustainable ways, but the process of sourcing the necessary materials will become a lot less environmentally damaging as well. 

This is definitely a cause of celebration as it’ll mean that devices can be made sustainable without costs having to rise. For businesses, this is a big deal. All businesses want to improve and reduce their impact on the environment, but it’s much easier to do so if a cost effective alternative is available. Cellulose just might be that alternative.

Electronics waste is a growing problem

Anyone running a business that relies on technology or anyone who uses a lot of technology at home knows that it’s all too easy to get through devices quickly. That can happen when technology advances and improved devices become available.

The UN believes that 40 to 50 million tons of electrical waste are generated around the world each and every year. And the waste that this creates often ends up in environmentally damaging landfill sites in poor countries, often in places such as Ghana.

Product durability matters

Durability is one of the things that has a big impact on the churn and disposal of electronics. When devices become broken or simply obsolete, they get thrown into landfill, creating ever more problems. There are ways in which durability can be enhanced though.

Developing new technologies, as is the aim with this research into cellulose and energy storage, can increase durability. It’s also possible to rent test equipment and understand and potentially enhance a device’s lifespan that way as well.

The future of environmentally-friendly electronics

Because cellulose is plant-based, using it to create electronic devices will be a step in the right direction in terms of environmental friendliness and sustainability. 

Energy storage and its role in electronics could be entirely revolutionised if this research into cellulose conitures to yield such positive and promising results. It could be the first step towards a much more sustainable industry.

Consumer electronics are going to become more sustainable and eco-friendly in the years and decades ahead of us. It’s one of the industry’s major focuses right now, and the news about the future use of cellulose emphasizes that point.