There has been a prediction that in the next twenty years there will be no such thing as “waste.” Instead the term “ End of first life materials” will take its place.
We are going to see businesses take on a better understanding of how they should manage resources and also how to create ways to produce less waste.
Leading to a reduction in logistics and disposal costs which can then be recognized as a revenue stream, we will see a greater up-take of on-site waste diversion and improvements in treatment solutions.
When they have a greater understanding of their existing resource usage and wastage of water, materials and energy, organizations can quickly become more efficient. They ultimately learn how to waste less once they learn to control the usage of these resources within their organizations.
Many organizations have already begun targeting on improving their effect on the environment as a part of sustainability objectives and many have already implemented this as part of their core business strategy in addition to understanding how to produce less waste.
Businesses are being encouraged to understand ways in which waste can become another revenue stream and measures have been put in place for the diversion of waste from landfill.
Starting with a review of the existing waste streams produced within an organization, there are a number of ways that these targets can be achieved but ultimately, there needs to be an education process in place.
To ensure that waste is being monitored so that it can be improved upon and reduced, it becomes easy to identify the existing waste streams and to put measures in place once a review is conducted.
An impact on the bottom line, wasted materials, wasted energy and wasted water are all a cost to the business and applies to all facets of the organization.
While diverting waste from landfills and increasing recycling within their organizations and ultimately adding an extra revenue stream, organizations stand to reduce their waste streams dramatically when working with the right waste management company.
A percentage of waste will be diverted from landfills and revenue generated through more streamlined methods of waste or resource management if one process is changed within an organization and resource efficiency is improved. A higher percentage of waste will be diverted from landfill and further revenue generated through cost savings and so forth if an organization has several areas for improvement and solutions are implemented.