Did you know that corrosion costs us an astounding 2.5 trillion dollars globally?
Not to mention corrosion can cost lives and jobs…
Today is corrosion awareness day, so we thought it would be a good idea to reiterate the importance of the NACE IMPACT (International Measures of Prevention, Application, and Economics of Corrosion Technologies) study released in 2016.
According to the study, most corrosion failures, and nearly all catastrophic corrosion failures are preventable. And nearly $875 billion can be saved through the right prevention and risk analysis efforts.
Through the IMPACT study, NACE determined that in order to reduce the astronomical cost of corrosion, we would have to change how decisions are made regarding corrosion. We must not only continue to develop corrosion control methods and technology, but we must utilize organizational management systems and risk tools throughout all levels of an organization to achieve the greatest success in saving lives, jobs and money.
You can learn more by visiting impact.nace.org.