In accordance with findings from the World Economic Forum, manufacturing supply chains contribute to one-fifth of global carbon emissions and consume 54% of the world’s energy. Trax Technologies, a global leader in Transportation Spend Management (TSM), is actively advocating for emissions reduction in manufacturing supply chains.
While gathering credible emissions data is challenging, optimizing scope 3 emissions yields benefits such as environmental enhancement, cost reduction, waste reduction, climate reporting readiness, and increased stakeholder engagement.
Steve Beda, Executive Vice President of Customer Success at Trax, notes immediate benefits for manufacturers optimizing scope 3 emissions, citing positive environmental impact, improved performance, and increased attention from stakeholders favoring eco-friendly businesses. This optimization often involves waste reduction and streamlined processes, leading to reduced costs.
Climate-conscious manufacturers are making strategic shipping decisions, favoring energy-efficient transportation methods. Trax, with expertise in freight audit and payment, offers data-driven tools like the Carbon Emissions Manager and provides insights into emissions factors, travel distances, and combustion and distribution of energy.
Steve Beda emphasizes Trax’s role in efficiently gathering and analyzing reliable data from all aspects of the manufacturing supply chain. The company consolidates cost and emissions data to assist global enterprises in integrating environmentally friendly practices, benefiting operations, stakeholders, and the climate.
Trax’s eBook, “Unlocking Environmental Sustainability in Supply Chains,” explores sustainability trends, emphasizing that initial investments in innovative sustainable ventures positively impact both the environment and business revenue.
About Trax Technologies
Trax is the global leader in Transportation Spend Management solutions. Trax elevates traditional Freight Audit and Payment with a combination of industry-leading cloud-based technology solutions and expert services to help enterprises with the world’s more complex supply chains better manage and control their global transportation costs and drive enterprise-wide efficiency and value. With a global footprint spanning North America, Latin America, Asia and Europe, Trax delivers data-based visibility and insights, higher savings and better control of transportation spend for shippers and 3PLs/4PLs of all sizes. For more information, visit www.traxtech.com.