Nowadays we can see definite signs of surplus production in almost every industry sector, and this is leading to environmental damage. What are some possible solutions to this situation?
Lately, industries have been resorting to surfeit manufacturing, provoking exploitation of natural resources, and engendering environmental damage. In order to control this alarming circumstance, industry experts and environmentalists have recommended several solutions at the production end.
To combat the challenge, the environmentalists have come up with a proposal wherein the authorities will have to play the role of a regulator: imposing limits on how much a unit can churn out in a given season. To see this through, these experts feel penalizing non-compliance can act as a mechanism that will compel manufacturers to fall in line and abide with the established norms.
Additionally, following a uniform pricing policy throughout the year, regardless of the time and season can go a long way in seeing the success of attempts to discourage overproduction, for customers will tend to resort to a uniform shopping habits, making accurate predictions possible, and preventing surfeit manufacturing. Likewise, some even fancy halting innovation and proscribing introduction of fresh styles and models to allow exhaustion of already manufactured merchandise stocks. Most brands, especially in fashion and electronics segments, in order to sustain supremacy over rivals launch new models frequently, leaving humongous stocks of old goods.
Similarly, some mandate involvement of businesses in this endeavor by stemming the lack of coordination between sales and production departments that is promoting this evil phenomenon. Where the former attempts to flood markets with products to gain greater visibility, try to bloat their estimates, pushing the latter to produce more than what can be sold, leaving huge unsold stocks, but synchronizing operations could help resolve this issue.
Overall, there are myriad ways to surmount this: ranging from installing manufacturing caps, adopting punitive measures and even prohibiting new introductions to stipulating participation by commercial entities through prudent production policies.