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Building a sustainable business, Stuart Lombard Founder & CEO at Ecobee - The Startup CEO Show

15 Dec 2024 · 0 min

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Transcript excerpt from an interview with Stuart Lombard (founder/CEO) describing a supply-chain decision to switch from air to ocean freight. He reports that the change saved about $6 per unit, reduced the company’s carbon footprint by 95%, and allowed negotiation of 120-day payment terms with the contract manufacturer—benefits he frames as making the business stronger and enabling further investment.

Questions this video answers

$6 per unit (approximately)

95% reduction

120-day terms

We went from air freight to ocean freight, which saved us something like $6 a unit, reduced our carbon footprint by 95%, also enabled us to negotiate, you know, 120 day terms with our contract manufacturer. And so we got all these benefits that made us a better business out of that one. Sort of like tweak. All along the way, we were able to find these ways that, you know, either reduced our costs and what we call people is like, if we can find ways that it makes us a better business, you can continue to invest.