Until a few years back, garbage industry was often labeled as a means to dump trash. Hardly, had anyone ever imagine that this trash industry would soon transform into a million dollar business. In fact, the scenario in garbage industry has progressed to such an extent that we have startups and auto-mobiles companies picking up traditional garbage trucks for sale and then transforming them into robotic garbage collection vehicles.
Brands like Tesla and Volvo are refusing to settle for anything less than a fully automated garbage collector that would be equipped with sensors and work on batteries to reduce the overall fuel consumption. But before we proceed to deconstruct this million dollar garbage industry, let’s uncover the why factor and how factor of this industry.
The WHY and HOW factor of Garbage Industry
As per the statistics of National Waste and Recycling Association, on an average, approximately 260 million tons of garbage are generated every year in the USA; out of which about 34% garbage can be recycled and developed into a creative stuff.
What’s even more fascinating is that this 34% acts as a raw material for recycling companies which is readily available in plenty and at a comparatively lower rate. With such low cost production material and hardly any competition, garbage industry is no less than a goose that lays the golden eggs for recycling companies.
Tech Crunch Innovations in Garbage Industry
Likewise, the IoT integration has successfully transformed the poor garbage collector vehicles into the smart …