Part 9/13:
The inflation crisis is felt across sectors. The hospitality industry faces staffing shortages as foreign workers leave due to higher operational costs and limited attractiveness of work conditions. Restaurants like Level 33 have adopted energy-saving technologies and explored local sourcing to reduce expenses but are cautious about passing costs onto customers, fearing losing their competitive edge.
Manufacturers of building materials and food producers also grapple with soaring raw material costs. Jeremy Lee of Westcom Biotech employs microbes to recycle food waste, transforming leftovers into compost—an innovative approach to sustainability. Yet, demand for green economy solutions has waned as firms prioritize short-term savings over environmental commitments.