May 17, 2020

Risk Management Flew Over the Cuckoo's Nest

mental health
Risk Management
One Flew Over the Cuckoo&#03
Freddie Pierce
2 min
Another way to treat depression at work
Guest Contributor:Vic Hardy There are compelling statistics on just how prevalent mental illness is in the workplace. Research shows that Australian bu...

Guest Contributor: Vic Hardy

There are compelling statistics on just how prevalent mental illness is in the workplace. Research shows that Australian businesses lose over $6.5 billion each year by failing to provide early intervention and treatment for employees with mental health conditions. In relation to psychological injury claims, work pressure accounts for around half of all claims, compared to harassment and bullying which account for around a quarter of claims.

‘Mental illness in the workplace is a reality. Improperly managed, it poses real risks in terms of reduced productivity, workplace conflict and loss of morale, not to mention the spectre of corporate and executive liability if these issues continue to be neglected by senior decision-makers. 

‘Just as organisations have put in place practices to manage physical injuries in the workplace as part of their ‘business as usual’ obligations, they should now also address the implications of widespread mental illness in the workplace and adjust their risk management polices and OH&S practices accordingly,’ Mr Sheehy said.

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Fast facts about mental illness in the workplace

  • A total of 3.2 days per worker are lost each year through workplace stress
  • Stress-related workers’ compensation claims have doubled in recent years, costing over $10 billion each year
  • A survey of over 5,000 workers indicated that 25 per cent of workers took time off each year for stress-related reasons
  • Work pressure accounts for around half of all psychological injury claims while harassment and bullying represent around a quarter of such claims
  • Australian businesses lose over $6.5 billion each year by failing to provide early intervention/treatment for employees with mental health conditions.

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Jun 21, 2021

Elon Musk's Boring Co. planning wider tunnels for freight

BoringCompany
supplychain
freight
elonmusk
2 min
Elon Musk’s tunnelling firm plans underground freight tunnels with shipping containers moved on “battery-powered freight carriers”, according to reports

Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports. 

A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers. 

Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US. 

The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two. 

 

Boring Co.'s new freight tunnels

The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.

The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete. 

Tesla’s supply chain woes 

Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue. 

Elon Musk Tweet

Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely
 

Top Image credit: The Boring Company / @boringcompany

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