Beyond Cost 2024

Sub-factors Natural resources Access to essential raw materials needed for manufacturing and supply chain operations Energy mix Access to diverse and sustainable energy resources critical for production processes Indices Quality of energy infrastructure and supply Total natural resources Energy security, equity and sustainability Environmental, social Geopolitical regulatory and skillsResourcesInfrastructure Technologyand governance landscape Fiscal and Labourand energy2.2 Resources and energy Resources and energy FIGURE 6 Source: World Economic Forum in collaboration with Kearney. As natural resources continue to dwindle, operations and supply chain executives are identifying environments that prioritize sustainable practices – whether through renewable energy, efficient resource use or adoption of circular economy principles. This requires countries to commit to sustainable policies and implement the innovation and technological advancement needed to operate efficiently with finite resources. Using the indices described in the production readiness model (see Appendix 1), the top three strongest-performing markets for the quality of their energy infrastructure, natural resources, and energy security, equity and sustainability were Chile, Australia and Canada (all convergers). We have a need to focus on how to promote adequate nationwide infrastructure, from roads and bridges, including the electric grid, by securing sustainable energy sources and increasing the reliability of emissions data. Ongoing federal support through grants and aid to companies helps balance between competitiveness and regulation for energy. Larry Bucshon, US Representative, 8th Congressional District, Indiana Beyond Cost: Country Readiness for the Future of Manufacturing and Supply Chains 12