The Economy
After many years of stress dealing with the pandemic and inflation issues, will the economy return to normal this year?
According to waste and recycling service providers, staff recruitment, retention, and the timeliness of truck orders have gradually improved. However, these improvements have significantly burdened operations in recent years. Additionally, interest rates may be about to decline.
Stable financial markets facilitate day-to-day operations and open new avenues for development or investment through mergers and acquisitions. The market’s giant corporations were well-positioned to close acquisitions last year, but in 2023, the pace of deals was more unequal since certain smaller businesses or private equity firms were more negatively impacted by the problematic loan markets.
S&P Global has predicted that the number of PE-driven mergers might rise broadly, pointing out that some large corporations have “unprecedented” amounts of money available. Due to its defensive character, infrastructure, and private equity, businesses find the trash industry appealing. This year, analysts are focusing on the increasingly fragmented environmental services market and the solid waste sector’s continuous consolidation or development prospects.
Ongoing changes to the U.S policy that prevents the corrupt actions of big organizations, the U.S antitrust law, could greatly influence the economy relating to the waste industry as well as many other industries. If the changes occur, there will be more significant opportunities for local companies than for larger ones.
Processing Organics
With landfill workers aiming to obtain resources from landfill methane emissions, more research is being conducted to prevent organic matter from reaching landfills.
Reports from the United States Environmental Protection Agency in 2023 show that around 58% of “rebel” greenhouse gases originate from the landfill methane emissions in landfills. Law and policymakers aiming to reduce organic emissions are now significantly directing attention towards organic practices in waste.
In 2023, the federal government funded the recycling infrastructure with $2 billion; this year, this funding will be put towards different recycling projects throughout the year.
Need help with commercial recycling? Please send us an email or give us a call. (954) 572-7534, info@ovprecylcing.com
