Singapore Airlines Flags Climate-Related Costs as Emissions Rise
Singapore Airlines Ltd. has warned it faces cost challenges from climate-related compliance as emissions rise on growing passenger and freight volumes.
The group anticipates that the category, which includes the use of credits under the Carbon Offsetting and Reduction Scheme for International Aviation, could have a 'high risk' impact of more than S$200 million ($156 million) by 2030, according to a sustainability report published Wednesday.
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Forbes
41 minutes ago
- Forbes
'One Big Beautiful Bill Act' Threatens America's Trucking Future
Before your food gets to the fridge, it likely travels long distances—on a diesel truck. From apples to iPhones, trucks move 72% of goods sold in America's stores, and freight costs shape what consumers pay, with those costs dictated by the volatile price of diesel fuel. Now, a quiet revolution is underway: Electric heavy-duty trucks are taking over the roads, and they could drive down consumer costs by cutting what it costs to ship the goods we buy. Global sales jumped 80% in 2024 compared to the year before—a surge that signals the shift is accelerating. San Pedro, CA - December 17: The first two zero-emissions electric trucks, from an order of 100 ... More vehicles, delivered from the Nikola Corporation to Total Transportation Services at the Port of Los Angeles in San Pedro on Friday, December 17, 2021. (Photo by Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images) While the shift is most visible abroad, Energy Innovation's new report Delivering Affordability shows the same economic forces are taking hold across the United States. Battery-electric trucks will soon be cheaper than diesel trucks based on total cost of ownership across most vehicle types by 2030—even without subsidies. The potential payoffs for the American economy are significant: lower freight costs, lower consumer costs, expanded domestic manufacturing, and stronger global competitiveness. But that potential is at risk. The fate of federal clean energy tax credits in 'One Big Beautiful Bill Act' being debated by Congress will dictate whether the U.S. stays in the race or falls behind just as momentum builds. States are stepping up—but the version of the bill passed by one vote in the House of Representatives threatens to derail this transition. 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Yahoo
an hour ago
- Yahoo
Sprout Social Wins Top Industry Awards for Product Excellence, Customer Satisfaction and Global Impact
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Entrepreneur
an hour ago
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AC's contribute more than half to the overall business growth, however, anticipating a drop in the segment in the coming few years, the company is looking at reducing dependence on a single portfolio Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Over the years, EPACK Durable, has evolved from being an air conditioner (AC) manufacturer to a full-fledged home appliances company. With its AC's contribution coming down from 80 percent to 70 percent last year, and likely to reduce further around 60 percent, EPACK is reducing dependence on seasonal demand. AC's contribute more than half to the overall business growth, however, anticipating a drop in the segment in the coming few years, the company is looking at reducing dependence on a single portfolio. In the next 12–18 months, the company plan to invest INR 400–500 crore as part of its expansion plans. Its other segments such as large domestic appliances, like air coolers, washing machines, and small kitchen appliances like mixer grinders and induction cooktops, are expanding at a fast pace. "This year alone, we are launching three new products- washing machines, air fryers, and nutri-blenders as part of our portfolio expansion efforts. This evolving product mix positions us well to offset the seasonality in AC demand and drive more stable, consistent growth across our broader appliance portfolio," said Ajay DD Singhania, MD & CEO, EPACK Durable. The new investment of INR 400–500 crore, will be used to expand capacity at Southern and Northern plants. In addition to this, it is also working towards setting up a dedicated manufacturing facility for its new partnership with Hisense, for manufacturing both ACs and other appliances. Non-AC seasonal products are a big focus and it is growing more than 100 percent year on year (YoY). "We have set up a new line for air-fryers in our Bhiwadi facility, with an output of producing 400 air-fryers every hour. We received a great response and the company is currently manufacturing air-fryers for two of the biggest home appliances companies in India," he added. Last year, EPACK Durable closed a revenue of INR 2,170 crore. It aims to reach a revenue milestone of INR 5000 Cr over the next three years. Although, the overall market of AC, saw a de-growth of around 15-20 percent this year, there is a renewed surge demand in June. To manage the situation proactively, production was put on hold for June to prioritize liquidating existing inventory. "With overflow inventory now beginning to clear and market movement improving, we expect better visibility and a potential ramp-up in production from July onwards." Over the past few years, EPACK Durable has evolved into an ODM (original design manufacturer) and OEM (original equipment manufacturer) company, driven by consistent investments in backward integration across key components. "Today, EPACK Durable stands out with one of the highest levels of backward integration in the industry. In the AC segment, we produce nearly all critical components in-house—including heat exchangers, copper-fabricated parts, cross-flow fans, and more—with compressors being the only major element sourced externally." Moving ahead, it plans to strengthen product portfolio with nutriblenders, coffee makers and vacuum cleaners. Additionally, the components business is also gaining momentum. "Earlier, our motor and controller capabilities were for internal use; now we are offering them as products to other customers, which are contributing significantly to the growth," the CEO said, explaining the future projects. Over the years, EPACK Durable, has evolved from being an air conditioner (AC) manufacturer to a full-fledged home appliances company. With its AC's contribution coming down from 80 percent to 70 percent last year, and likely to reduce further around 60 percent, EPACK is reducing dependence on seasonal demand. AC's contribute more than half to the overall business growth, however, anticipating a drop in the segment in the coming few years, the company is looking at reducing dependence on a single portfolio. In the next 12–18 months, the company plan to invest INR 400–500 crore as part of its expansion plans. Its other segments such as large domestic appliances, like air coolers, washing machines, and small kitchen appliances like mixer grinders and induction cooktops, are expanding at a fast pace. "This year alone, we are launching three new products- washing machines, air fryers, and nutri-blenders as part of our portfolio expansion efforts. This evolving product mix positions us well to offset the seasonality in AC demand and drive more stable, consistent growth across our broader appliance portfolio," said Ajay DD Singhania, MD & CEO, EPACK Durable. The new investment of INR 400–500 crore, will be used to expand capacity at Southern and Northern plants. In addition to this, it is also working towards setting up a dedicated manufacturing facility for its new partnership with Hisense, for manufacturing both ACs and other appliances. Non-AC seasonal products are a big focus and it is growing more than 100 percent year on year (YoY). "We have set up a new line for air-fryers in our Bhiwadi facility, with an output of producing 400 air-fryers every hour. We received a great response and the company is currently manufacturing air-fryers for two of the biggest home appliances companies in India," he added. Last year, EPACK Durable closed a revenue of INR 2,170 crore. It aims to reach a revenue milestone of INR 5000 Cr over the next three years. Although, the overall market of AC, saw a de-growth of around 15-20 percent this year, there is a renewed surge demand in June. To manage the situation proactively, production was put on hold for June to prioritize liquidating existing inventory. "With overflow inventory now beginning to clear and market movement improving, we expect better visibility and a potential ramp-up in production from July onwards." Over the past few years, EPACK Durable has evolved into an ODM (original design manufacturer) and OEM (original equipment manufacturer) company, driven by consistent investments in backward integration across key components. "Today, EPACK Durable stands out with one of the highest levels of backward integration in the industry. In the AC segment, we produce nearly all critical components in-house—including heat exchangers, copper-fabricated parts, cross-flow fans, and more—with compressors being the only major element sourced externally." Moving ahead, it plans to strengthen product portfolio with nutriblenders, coffee makers and vacuum cleaners. Additionally, the components business is also gaining momentum. "Earlier, our motor and controller capabilities were for internal use; now we are offering them as products to other customers, which are contributing significantly to the growth," the CEO said, explaining the future projects.
