Corporations both large and small are actively creating plans to prevent the depletion of natural and physical resources, so these resources will remain available for generations to come. We refer to this as Sustainability. Our sustainability plans and goals at JBT are highlighted in our newsletters, our company’s website, and in our 2022 ESG Report. Nearly all our customers have developed similar sustainability goals and are busy reviewing their processes to establish strategies to achieve their goals.
JBT plays an important role in helping our customers with their sustainability plans. Our AGV systems inherently promote sustainability because we often replace manual forklift trucks powered by fossil fuels. And our systems use the power they consume more efficiently by optimizing routes and precisely controlling vehicle and load movements.
In the coming months, JBT will promote additional support of our customers sustainability journey. We will meet with our key customers to actively discuss how JBT AGVs can further support their sustainability goals and strengthen our partnership. Whether you are directly involved with this process or not, you can play an important role in our sustainability success, both internally and externally with our customers. For those who interact with our AGV systems in any way, think of your role and what you do and how you do it. Are there ways to meet and exceed expectations while using fewer natural and physical resources?
In our markets, our system performance is constantly being compared with our competitors. Traditionally, competition has centered around how the system performs and the system cost. As the supply chain tightened in the recent past, delivery schedules became a very influential factor. Now, our contribution to sustainability is fast becoming another factor on how our company and our AGV systems are being evaluated.
At JBT, we recognize the importance of collaboration in addressing global environmental challenges. Joining forces with associations and memberships in the sustainability space allows us to share knowledge, leverage resources, and work collectively towards a greener future. In recent times, we have joined and actively collaborated with several notable initiatives and organizations such as the Support the Goals Initiative, World Climate Foundation, and Terra Carta Supporters Initiative.