It’s an exciting time to be in the Plastics Recycling Equipment Business. For innovative equipment dealers and process developers, there’s more opportunity than ever…if you are willing to grow outside of the box.
Today’s plastics sustainability climate is ripe with innovation. Along with growing pressure from environmental organizations and within our plastics industry itself, there are mounting initiatives all across North America driving plastics recycling growth.
Eco supply chains are connecting Brands and Plastics Manufacturers with Waste Collectors, Plastic Recycling firms and Sustainable Raw Material suppliers, to create transparent connected Closed Loop supply chains. It isnt a passing fad. Circular Supply Chains are increasingly becoming the norm across our plastics industry and in many other industry sectors globally. Companies are working collaboratively across the supply chain to their own benefit but this collaboration is also driving growth, profitability, and innovation that benefits our entire plastics industry.
Eco supply chains are also creating significant opportunities for new and used equipment dealers that know where to find used equipment and have access and expertise in plastics recycling equipment, especially used recycling equipment. There is tremendous value having used plastic recycling equipment expetise!
Traditionally dealers buy and sell used plastic recycling equipment, and benefit on the profit margins they earn on (one time sales). The more one time sales they produce, the more annual revenue created.
Today dealers are also connecting in eco supply chains and leveraging their expertise and resources to create (ongoing long term revenue).
As example, an innovative growing plastic recycling firm developed proprietary technologies to recycle challenging “hard to recycle” plastic waste. They plan to scale their business to 100 million pounds annual plastic recycling. This innovation offers substantial growth opportunity! The innovative plastic recycling firm already owns and has the core equipment and technology in operation, however in order to scale to 100m, they need to add ancillary equipment over time such as grinders, shredders, metal separation, conveyors, wash tanks, silos, etc. This used equipment is out there and available in the market, often sitting idle or in inventory, and equipment dealers have the expertise to get it.
The challenge.. How does innovative plastic recycling firm add this ancillary equipment and at the same time manage their financial resources when they are starting out?
The answer.. Connecting in an eco supply chain whereby used equipment dealers provide the ancillary equipment “in partnership” with innovative plastic recycling firms and share the revenue of the business together.
This eco supply chain approach benefits everyone in the supply chain. Used equipment doesn’t sit idle waiting for a sale. Dealers leverage their expertise and resources for a piece of the action. Innovative plastics recycling firms gain access to much needed ancillary equipment without having to put up money. Equipment dealers earn ongoing revenue beyond the value of the used equipment. By connecting in an eco supply chain, equipment dealers and innovative plastic recycling firms (de-risk) together. Partners in an eco supply chain share revenue. Plastic recycling rates climb.
To learn more about how you can leverage your used equipment resources and expertise and develop long term revenue connecting in an eco supply chain, contact #GearedforGreen.
By Daniel Schrager, President at GearedforGreen 888-398 (GEAR) 4327 email@example.com, www.gearedforgreen.com
Eco supply chains
6 Tips for being a more Sustainable Consumer
Be a shopper who supports sustainable, ethical manufacturing practices
Consumers make an impact through their shopping habits by being a shopper who supports sustainable, ethical manufacturing practices.
There are several ways to be more eco-friendly in your everyday life by supporting companies that are ethical and sustainable. The move to sustainability in industry is driven by consumer demand, and that’s where you can make a greater impact.
You can add sustainability to your list of ‘must-have’ features for your everyday purchases. There are several consumer websites which rate companies and products according to their ethical and environmental records. This can help you decide which companies to support.
Focus on Quality
Think about foregoing the two-for-one special or prices that seem too good to be true. Poor quality items can be landfill fodder that cost you more in the long run as they need to be constantly replaced. Instead, consider buying quality products that last so you save money and help the environment too.
Keep it Local
Consider shopping from local producers as this gives you the opportunity to ask questions and do research into how items are produced. Local items likely have a smaller carbon footprint because they haven’t traveled long distances to get to you. And, supporting local farmers, producers and manufacturers means you bolster the economy in your community.
We shouldn’t have to pay more just because a product is made more sustainably. Sustainability generally leads organizations to innovation and improvement that can drive costs down, so even if they pay more for sustainable raw materials, they can make up for that added cost by reducing costs in operations and disposal. All things being “relatively equal”, buy Green!
There are a number of certifications which provide indications that the products you are buying are eco-friendly.
When buying wood or paper products, you can look for the Forest Stewardship Council (FSC) logo which tells you the product was sustainably sourced. The Marine Stewardship Council (MSC) certification mark on your seafood means you are buying responsibly caught fish and you can also shop ‘organic’ for your fresh food and meat.
EnergyStar indicates appliances that are energy efficient and items that carry the Fair Trade seal meet the internationally agreed social, environmental and economic Fairtrade Standards.
Many consumers are now engaging with their favorite brands to see what steps they are taking to be more environmentally friendly. Get more involved with the products you purchase to learn about the company’s commitment to people and planet. It’s always good to buy from companies that do good.