New York City businesses achieve a waste-reduction goal, and two popular beverage companies make changes to the materials they use for packaging.
At last week’s ISRI2016 show, awards were given out to industry leaders at the twilight of their recycling careers as well as those who have yet to enter high school.
A mix of stories about exports, collection strategies, recycling rates, paper investments and recyclables pricing drew readers’ attention last month.
Over the past 12 months, plummeting fiber prices have hamstrung programs and recycling operators across North America. Little surprise then that analysis of that trend grabbed significant attention from our readers.
The impact of the seismic shift in recycling markets over the past two-and-a-half years can be clearly seen in the quarterly recycling revenue numbers of Waste Management, which operates roughly 100 materials recovery facilities in North America.
The publicly traded company has seen its quarterly recycling-related revenue decline 35% (from $375 million to $245 million) since the third quarter of 2017. In July of 2017, China announced its intention to ban many categories of recyclables, and the policy was implemented at the start of 2018.
Values for many key curbside materials have dropped significantly since then.
Information for this month’s Data Corner came from Waste Management’s publicly available earnings reports.
This article originally appeared in the November 2019 issue of Resource Recycling. Subscribe today for access to all print content.
A mix of stories about sorting infrastructure, brand owner commitments, legislation and markets drew our readers’ attention last month.