"Industry Insights" Posts
In order to find significant cost savings in waste management, operational changes should be made before the point that a material is considered to be a waste. This strategy is defined as waste minimization.
Waste minimization isn’t just the most economically efficient strategy to manage waste; it’s also the most environmentally beneficial. But what does it imply, how can it be integrated into operations, and what savings will it drive?
As businesses are forced to operate with ever tighter operating margins, managerial oversight of operational costs must be rigorous. One area that sometimes doesn’t get as much attention as other aspects of the operations, is waste.…
On January 1st, 2018, China implemented a ban on imports of 24 categories of recyclables, including mixed plastics and mixed papers. This ban hit the U.S. recycling industry hard because China was the largest buyer of these commodities, receiving over 50% of total exports.
In March 2018, the Chinese government went further still, and imposed unattainable contamination thresholds (0.5%) on the remaining imported materials, with any non-conforming loads sent back at cost to the exporter. In short, they practically outlawed imports of almost all recyclables.
The latest step is scheduled to take place in July 2019, when eight categories of scrap metal will be added to the ‘restricted’ materials list for importing.
When you’re purchasing or renting waste management equipment, the cost of the raw material has a significant effect on the prices you’ll pay and with steel prices increasing this can have a noticeable impact on your bottom line.
U.S. Tariff on Steel Imports
In March 2018, the U.S. government set a 25% tariff on steel imports and a 10% duty on aluminum imports. The move was intended to stimulate the U.S. steel producing sector, as the U.S. was previously the world’s second largest importer of iron and steel. Initially Canada, the EU and Mexico were exempted from the tariffs, but they were included in the list of countries to be affected at the beginning of June 2018.…
Why it’s worth its weight in savings.
Dealing with cardboard waste is an unavoidable part of doing business and if you aren’t recycling it, you’re throwing money away. Instead of paying to haul cardboard off to the landfill, you could be generating a revenue source for your business. The larger the quantities you produce, the greater the opportunities. The cardboard recycling market fluctuates, and even though the last year has seen declines in the commodity index due to China’s ban on imports of recyclable materials, it’s still a viable opportunity for most businesses.
Having a well-managed cardboard recycling program saves a company valuable resources, reduces waste costs and keeps you compliant with recycling legislation by meeting mandatory source separation and recycling requirements.…
Do you know how your is business handling electronic waste, or if you’re compliant with your state’s e-waste recycling laws?
The size of your business may affect how e-waste needs to be managed before being recycled. Larger corporations may handle it in-house, while smaller and mid-size companies rely on local haulers for direction. And because e-waste recycling programs vary in cost and type, it’s important for business owners and operations managers to understand their options. The bottom line is that if it’s not managed properly, you could be putting your company at risk.…