Featured Article: Electrifying Powered Industrial Trucks is an Overlooked Emission Reduction Strategy

Discover the future of supply chain management as we explore the electrification of powered industrial trucks (PITs) and why it's a game-changer for sustainability. Can quieter, cleaner electric forklifts really transform your workplace and slash operational costs? Yes, they can! In this episode, we unpack the pressing need for companies to reduce their carbon footprints, meet rising investor and consumer expectations, and create more satisfying work environments with electric fleets.

With only 17% of companies having fully electrified their operations, we break down the critical steps to making this transition. Learn how to partner with experienced manufacturers to tailor a strategy that fits your needs, from assessing current fleets to planning comprehensive charging strategies and phased implementations. Discover how switching to electric PITs not only benefits the environment and finances but also opens doors to grants and incentives. Tune in for actionable insights and expert guidance on taking your supply chain operations to the next level of sustainability.

This episode is brought to you by Hyster.

Businesses today not only need to move product effectively, but make moves toward a better, greener, and more sustainable future. As a global lift truck manufacturer with nearly a century of experience,

Hyster delivers tough trucks that help customers do both. With advanced energy-efficient electrification solutions for forklifts and container handling equipment, Hyster champions the operations striving for more aggressive sustainability, productivity, and financial targets. That’s clean power that means business. To learn more, visit Hyster.com.

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Transcript

Speaker 1: 0:11

Welcome to another episode of Sustainability Unveiled, where we explore the latest innovations, strategies and stories that drive sustainability in today's business world. This episode is brought to you by Hyster. Hyster, a global lift truck manufacturer with nearly a century of experience, is dedicated to helping businesses move product effectively while making strides toward a greener, more sustainable future. With advanced, energy efficient electrification solutions for forklifts and container handling equipment, hyster supports operations aiming for aggressive sustainability, productivity and financial targets. That's clean power. That means business. To learn more, visit Hystercom.

Speaker 2: 1:16

Today we're diving into a critical topic for supply chain managers the electrification of powered industrial trucks, or PITs. As businesses strive to reduce their carbon footprint, electrifying their fleets is emerging as a powerful tool in the sustainability toolkit, but, as a recent survey shows, there's still a long way to go. So why is electrification so important for today's supply chain operations? The data is clear 93% of supply chain operations consider emissions reduction an important objective. And this isn't just about compliance with government regulations. It's about meeting the expectations of investors and consumers, who increasingly demand greener business practices. Electrification is not just about reducing emissions. It's about creating a better environment for everyone involved. For example, the shift to electric forklifts can lead to quieter, cleaner workspaces. Operators spend their day in these machines, and less noise and vibration mean a more comfortable, satisfying work environment Critical in an industry where retaining skilled labor is a constant challenge Eat buns. From a financial perspective, the benefits are clear as well. Like electric vehicles, electric material handling equipment generally requires less maintenance. We're talking fewer moving parts, no oil changes and reduced repair costs. Plus, electricity often costs less than fossil fuels, adding up to significant savings over the life of the equipment. And let's not forget Converting your fleet from internal combustion engines to electric can unlock grants and incentives that help offset the upfront costs of new trucks and charging infrastructure. But despite these advantages, many companies are slow to adopt. The survey found that only 17% of supply chain operations have fully electrified their Pitti fleets and over a quarter don't plan to start buying electric equipment for at least another three years. It's not necessarily a lack of interest. Many just don't know where to start.

Speaker 2: 3:19

What are the key steps to electrifying your pit fleet? First, find a partner who understands the process. This isn't just about buying new equipment. It's about planning and implementing a strategy that fits your specific needs. Look for a manufacturer with proven success in both sustainability and performance. A strong partner will help you assess your current fleet, identify the best electric options and develop a comprehensive plan for your transition. You'll also need to think carefully about your charging strategy.

Speaker 2: 3:50

Electric forklifts can handle heavy-duty tasks, but you'll need a plan that matches your operational needs. Will your trucks charge during downtime, throughout the day, or will you rely on overnight charging? Understanding these factors will guide you in setting up the necessary infrastructure and ensure your fleet runs efficiently. Finally, it's important to prepare for a phased implementation. Not every truck in your fleet will need to be replaced at the same time, so work with your provider to plan a transition that fits your timeline and operational needs. And remember, the right partner will offer support beyond the initial rollout, helping you refine and improve your electrification strategy over time. While only a small fraction of supply chain operations have fully embraced fleet electrification, the potential for impact is enormous With the right partner and a clear plan. Electrifying your pity fleet can be a powerful move towards a more sustainable future for your business. As we've outlined today, the benefits span environmental, financial and operational dimensions. If you're ready to take the next step, engage with a trusted provider who can guide you through the process.

Speaker 1: 5:00

To learn more about how Hyster's advanced electrification solutions can meet your current needs and future goals, visit hystercom. That wraps up today's episode of Sustainability Unveiled, sponsored by Heister. If you enjoyed this episode, please subscribe and leave us a review. For more insights and updates on the latest in sustainable business practices, follow us on your favorite podcast platform.