Beating the price rise increases in Waste
Waste management companies in the UK are set to increase charges in 2022 to businesses for waste collections because of higher disposal costs.
The ban by China and other countries on imported paper and plastic waste has led to recycling costs increasing significantly in the last couple of years. On the flip side, the on-going investment in infrastructure is improving the UK’s capacity and there are now more energy recovery facilities and processes for non-recyclable waste to generate low carbon electricity to protect UK businesses from future export bans.
The well documented shortage of HGV drivers due to tax changes, work permit issues and Brexit has driven up waste costs. According to the BBC, most HGV drivers have seen an increase of up to 40% in their salaries which in part, is being passed onto business’ waste management costs.
Fuel prices are hitting record highs as oil and gas costs soar amid fears of a global economic shock from Russia's invasion of Ukraine.
Russia is the world's second top producer of crude oil after Saudi Arabia, and supplies about a third of Europe's needs. The price of crude oil rose by more than a fifth last week amid fears of a reduction in Russian supplies.
Nearly every business is feeling the effects of increased operational, delivery and raw material costs. It’s therefore important to react to increases from current waste service suppliers to ensure that increased prices are still competitive.
1st Waste’s Managing Director, Richard Groome stated, “We're helping thousands of companies across the UK to beat waste price rises. First and foremost, we offer a support service that reviews current waste arrangements for customers, then helps them change to more cost effective and environmentally friendly solutions”.