E-Scrap Conference showcases rapidly growing industry
E-Scrap conference showcases rapidly growing industry
By Editorial Staff, Resource Recycling
More than 1,300 electronics recycling and IT asset management professionals met in Orlando this week for the 11th annual E-Scrap Conference and Tradeshow, doing so amid a shifting global operating environment and a rapidly maturing e-scrap industry.
The conference opened with a comprehensive overview of some of the top issues in electronics recycling, moderated by E-World Online co-founder and president Cindy Erie. The first of three speakers, David Daoud, principal analyst for Compliance Standards, offered new insight into the shifting makeup of products entering the IT asset disposal stream and how IT asset disposition service providers are reacting.
"These companies that thrived post-2008 made the case for data security, for charitable donations, and for other sales strategies that created new ways of thinking about these as desirable assets," said Daoud, explaining that while the number of core ITAD companies is dwindling, there are new entrants into the market from other companies in the electronics and waste sectors. "This is where new opportunities happen."
Also on stage were Dan Coyne, managing director at Canaccord Genuity, and Bloomberg Worldview journalist Adam Minter. Coyne presented the latest merger and acquisition trend data and offered a few predictions for the rapidly evolving e-scrap recycling industry.
"Why should venture capital care about electronics recycling?" asked Coyne, rhetorically. "Ultimately recycling makes economic sense … There is a critical raw materials security concern. Since China controls so many of these vital metals, it's on the top of the list of concerns for major OEMs."
Closing the session, Minter offered conference attendees exclusive information on the Chinese electronics recycling industry and its outlook for the near future.
"The idea that the world is divided between OECD and non-OECD countries is outdated. China's reuse market is drying up because the population is getting richer. As a result, China is exporting more CRTs and other electronics to India and developing countries in Africa," explained Minter.
Minter concluded the panel by urging those in attendance to broaden their thinking on the global market for electronics recycling.
"We have a much more complicated supply chain than people realize," said Minter. "China is going to compete with you and they're going to do it on a scale and a level you've never seen before."
With over 82 sponsors, 142 exhibiting companies and organizations, and attendees from 43 states, six Canadian provinces and 29 countries, the 2013 E-Scrap Conference was the largest on record. The next E-Scrap Conference and Tradeshow will be held October 22-23, 2014 at the Rosen Shingle Creek in Orlando, Florida.
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