Jeff Bingaman: “today I am introducing the Supply Star Act of 2010 to drive widespread improvements in supply chain energy efficiency.…”

“today I am introducing the Supply Star Act of 2010 to drive widespread improvements in supply chain energy efficiency. Companies today are facing pressure on many fronts--from customers, stockholders, business partners, and regulators--to improve their energy performance in hopes of maximizing profit, minimizing environmental impact, and shielding themselves against the price volatility of fuels. Nearly 90 percent of a company's energy use can come from its supply chains, making supply chain energy efficiency--encompassing raw materials, manufacturing, packaging, transport, use, and disposal of goods--of significant importance in the transition to a more energy efficient marketplace. For these reasons, many: corporations are examining supply chain efficiency, not only in hopes of being better corporate citizens, but because it makes good business sense. Decreasing energy use in the supply chain can lead to significant cost reductions and increase competitiveness. However, these efforts face hurdles--especially in small companies--that limit their widespread implementation.”