Increasing Your ROI & Mitigating Risk with Backup Power from Agility
When it comes to reliable backup power, traditional solutions can be expensive, and difficult to predict when they may be needed. The Department of Energy reports that power outages can have high costs associated with them and can cause waste if they occur in the middle of production. The Department of Energy estimates that outages cost the U.S. economy upwards of $150B annually. Agility Recovery provides a range of flexible deployment options that reduce costs, save time, and provide a tangible ROI.
The research from Hobson & Company looks at the costs and risks of traditional solutions, the benefits of Agility Recovery, and how Agility’s solutions can help mitigate risk and control costs. Hobson and Agility have created a simple ROI calculator to see how your specific business can benefit from using Agility Recovery’s suite of continuity solutions.
Agility Recovery provides a range of cost savings for businesses. This includes capital expenditure on generators, maintenance and testing expenses, and time spent responding to power outages. Customer research conducted by Hobson & Company indicates an 80% reduction in time spent responding to power outages while also avoiding maintenance and testing expenses.
A participant in the Hobson report mentioned, “We were looking at buying a generator set to protect us from rolling blackouts due to weather events. They were not only prohibitively expensive at $2.5 - $4M per install but also had excessively long lead times of 1.5 – 2 yrs. We still have to run our business in that time and ensure we are protected from a business continuity perspective, and Agility provided a great solution for us, and we have coverage for all of North America without spending more than $100K/yr.”
Agility provides power, fuel, testing, and electrical connections to businesses in order to reduce costs and mitigate risks. This leads to time savings as businesses are able to respond to power outages more quickly, thereby avoiding costly losses associated with power outages. What does an 80% reduction in time spent look like? In the report, one senior buyer explained in detail. “I learned of a power interruption at one of our facilities in Texas while I was on the safari ride at Disney with my kids. I was literally on the safari ride ordering a generator, and it was so easy to get what I needed, even though I was on vacation. The whole process was very easy and only took about 10 minutes. Without Agility, I would have had to stop what I was doing, figure out who I would get the generator from, and what the cost was going to be. It would have taken me at least 2 hours.” Partnering with Agility will leave the guesswork out of business disruptions and let you do what you do best, serve your clients and your community.
ROI (Return on Investment)
The research conducted by Hobson & Company and Agility Recovery shows that an organization with given specifications could generate a 949% ROI after three years. For a medical device manufacturer with an annual revenue of $1.8B, an investment of $77,000 generated a positive return in less than one month. Depending on your business model and annual revenue, the ROI of Agility’s solutions can be seen almost immediately.
Hobson’s research also signaled a 2% reduction in annual insurance premiums. With insurance rates continuing to rise, 2% can mean thousands of dollars saved each month. Partnering with Agility will not only improve your reaction time to a business interruption, but it will also reduce your costs year over year in ways you may not be able to predict.
Agility's backup power solutions can help organizations protect against revenue loss, inventory spoilage, and idle employees. This is because Agility provides power, fuel, testing, and electrical connections to businesses in order to reduce costs and mitigate risks. Agility's solutions can help organizations avoid reputational damage due to late deliveries, canceled orders, and other hiccups that occur with unexpected downtime. In the report, a senior VP of operations stated, “Customer satisfaction and reputational risk are the biggest issues with late deliveries. People want their stuff when they want it. We operate 24 hrs/day, and if we experienced a prolonged outage, it would cost us $2.25M per day.”
This article is just an overview of the research conducted by Hobson & Company and Agility Recovery, focusing on the need for reliable and affordable backup power sources and the impact of Agility's backup power solutions. We’ve looked at the costs and risks of traditional solutions, the benefits of the Agility solution, and how Agility can help mitigate risk and control costs. Can you really put a price on the importance of customer satisfaction and avoiding reputational damage? Ultimately, it is clear that investing in Agility Recovery can help businesses reduce costs, save time, and generate a positive ROI. For more information, or for a breakdown of your organization's potential ROI, click here.