View More: Evaluating the True Cost of Water
A large multi-national Consumer Packaged Goods (CPG) company, uses water as an essential ingredient in its products and as a critical component in the manufacturing processes in its operations worldwide. In many instances, the price of water does not reflect market dynamics insofar as water is cheaper where there is low availability and vice versa. Business continuity costs due to poor water quality or water shortages may far outweigh the direct costs CPG company incurs in purchasing water. Taking such costs into account, in order to optimize water use and build resilience within its manufacturing operations, this project created a framework that calculates a comprehensive value of water that incorporates CPG company’s business disruption costs at any of the 250+ manufacturing sites around the world.
Rishi Gohil, Maria Mendez Vivez