Industry News
European businesses could unlock €622 billion growth with digital transformation, says Ricoh
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ew research released by Ricoh Europe reveals that digital transformation could increase EU and UK GDP by 3.4% over the next five years – equivalent to €622 billion of growth.
The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 6,000 workers and 1,500 decision makers across the UK, Ireland, France, Germany, Italy, the Netherlands and Spain. It found that business leaders recognise the drain of time-intensive processes on their workforce, with 76% making the automation of tedious tasks a core part of their digital transformation strategy.
But with the average worker currently spending almost a third (30%) of their
day on administrative tasks, businesses must accelerate their plans if they are to facilitate these productivity gains and the employee engagement needed to trigger sustained growth.
Employees are clearly craving the right workplace technology to help them streamline activities and dedicate more time to fulfilling work. The majority (64%) think they would bring more value to their company if they had access to the right technology, with 78% of these welcoming automation tools as a means of reducing tedious tasks.
Those that implemented automation software in the last financial year experienced an average productivity increase of 14%. This marks a vital gain for businesses looking to remain competitive in markets that are subject to increasing turmoil.
Coloreel’s technology reduces water consumption by 97%
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oloreel’s sustainability operations have now been now quantified and third-party verified, revealing that water consumption is reduced by 97% compared to traditional dyeing methods. Coloreel uses one single white thread to create millions of colours and intricate patterns. It unlocks new design possibilities, while providing environmental benefits. By dyeing a 100% recycled polyester thread in real time, water consumption is reduced by at least 97% compared to traditional dyeing methods. In addition, the technology significantly reduces thread waste. Mattias Nordin,
sustainability manager at
Coloreel, said: “When Coloreel launched its ground-breaking technology for digital thread dyeing, the aim was to streamline an embroidery industry characterised by slow processes, difficulty in creating complicated designs and an excessive use of resources.”
| 12 | January 2023
The company has now published both a complete life cycle analysis (LCA) and an environmental product declaration (EPD) in the international database Environdec. Both documents are verified by a third party, the Swedish consulting company Miljögiraff. Through the documentation, a comparison can be made between Coloreel’s technology and one of the world’s leading thread manufacturers. The public sustainability report shows
that traditional thread dyeing produces
50 times more wastewater than Coloreel’s direct dyeing does.
Mr Nordin added: “We have known for a long time that our technology gives
a significant environmental advantage. Having it verified by an independent third party is of course important for our continued work. But for us, that’s not enough. We are currently focusing on further reducing the amount of energy and ink used in production.”
The research also showed that a greater investment in the tools and systems employees are seeking can increase morale and reduce turnover. Workers at businesses which implemented automation tools last year are reportedly more satisfied with their jobs and likely to stay with the company for longer. In fact, of all the technology investments businesses have made, the introduction of automation tools corresponded to the lowest employee turnover of 17%, compared to an average of 19% across other technology options.
Nicola Downing, CEO, Ricoh Europe, said: “Unlocking billions of euros worth of growth at a time when many businesses are facing the prospect of stagnating economies and productivity losses is an opportunity that cannot be missed.”
CMYUK launches consignment stock supply service to UK customers
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MYUK is to make consignment stock holding a standard offering to all its UK customers.
Palletised consignment shipments are available to those organisations that have large internal repositories, while those lacking space will be given a free bespoke shelf racked container for the external storage of roll materials. These are condensation-proof, secure, and can hold material rolls up to 5m wide.
Benefits to consignment stock holding:
• No upfront costs. Only used stock is invoiced at the end of each month.
• Safeguards against depleted inventories, ensuring a higher degree of flexibility.
• Significantly reduces customer truck deliveries, reducing costs and lessening customers’ carbon footprint.
www.printwearandpromotion.co.uk
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