Business management

The NatWest Business Show Sustainability Special: Is the fuel crisis a sustainability opportunity?

This week in our sustainability special podcast series, Angellica Bell learns how sustainable logistic solutions can help cut costs in challenging times.

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In this episode of the NatWest Business Show, host Angellica Bell talks to Kunmi Oludoyi and Adebayo Popoola, the founders of Sorair Technologies, a last-mile delivery solution. They are joined by Professor David Greenwood of the WMG to discuss cleaner delivery practices and highlight the ways in which businesses could mitigate rising energy and fuel costs.

Five tips to manage rising energy and fuel costs

Here are some of their suggestions for UK business owners:

1. Explore solar panels and other sources of renewable energy  These could reduce your energy spend in the long run and improve your sustainability credentials.

2. Consider third-party logistics providers that use more sustainable, and cheap, forms of delivery, such as electric scooters instead of diesel vans. 

3. If you operate a fleet of conventionally fuelled vehicles be aware that prices of electric vehicles aren’t as prohibitive as in the past – and can be cheaper to operate. Instead of investing in a truck that lasts for 20 years, think about the environment it will be operating in in 20 years’ time. 

4. Look at downsizing the vehicles you operate, and follow updates on legislation around the use of micromobility vehicles such as electric scooters. 

5. If exploring autonomous vehicles would be too expensive for a small business on its own, those who are keen can try collaborating with larger businesses in R&D projects.  

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