Today over a billion people have no access to electricity. There is steady progress made in this area, but the figure is still forecasted to be at 500 Million by 2020.
Every month about $500M worth of food is disposed of in the US because of unsold perishable food that has passed the expiry date. Thousands of families find it difficult to afford decent meals. In a recent study conducted by Feeding America, a network of over 200 food banks, it was observed that the food banks across the US had reported an increase of up to 40 percent in demand for emergency food assistance in the last year.
An enterprise asset is a subject ‘owned’ by a company. Assets can be physical – tangible – or non-physical – intangible. For asset-intensive industries, profitability and growth depend on how efficiently assets are employed—including minimizing downtime, maximizing availability, and managing changeovers.