Interesting Costs Cutting Techniques By Companies

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Sustainable cost reduction approach by Companies

A new term has started getting attention these days: Sustainable Growth by reducing costs. By identifying key cost elements in some of the important aspects of business like Energy, Environment, Social, Production & technology-Major firms like Reliance Industries, Hindustan Unilever, Pepsico India, ITC etc have been able to get sustainable development. While Reliance mainly focused on improving energy efficiency at its petroleum plant & refineries, FMCGs like HUL, ITC, Pepsico have started working in innovative packaging design, reducing waste, recycling & reuse of its products. They have started reducing their advertisement expenses by short and innovative marketing campaigns over social media. This kind of sustainable and environment friendly approach helps organizations to develop cost reduction plans for long term.

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