Seth Goldstein: Ecolab is well known for its cleaning products sold to restaurants and hotels. However, a lesser known part of Ecolab's business is its water-management systems that reduce customers' water and energy expenses.
Fresh-water consumption continues to exceed readily available supply. As a result, by 2030, we forecast that fresh-water costs will double as water will have to be pumped from greater depths at an increased expense in order to meet demand.
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Seth Goldstein does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.