June 2017, Vol. 244, No. 6
Features
NACE's Impact Study: A Good Place to Begin the Conversation
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Over past two decades there have been significant studies in various parts of the world on the cost of corrosion and its effects on the economy. The often-cited 2002 study, Corrosion Costs and Preventive Strategies in the United States, revealed that the total annual estimated direct cost of corrosion was $276 billion – equivalent to about 3% of the U.S. gross domestic product (GDP). Studies in other countries have shown a similar percentage of GDP.
Recently, NACE International embarked on a new study that went beyond the economic effects of corrosion, emphasizing the integration of corrosion technology with management systems to improve corrosion-related decisions, both from economic and safety standpoints.
The Impact Study focuses on segments of four major industries: energy, utilities, transportation and infrastructure. The study features in-depth research and resources in these areas:
- Assessment of the global cost of corrosion.
- The Corrosion Management System Framework, a documented set of processes and procedures required for planning, executing, and continually improving the ability of a company to manage the threat of corrosion for new and existing assets.
- Assessment and benchmarking of existing corrosion-management practices, including case studies and survey results from hundreds of companies.
- Corrosion-management tools such as life-cycle costing.
- Education and training programs and opportunities.
- Preventive strategies for effective corrosion management.
For further information on the Impact Study, visit www.impact.nace.org.
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