Simply put, the recovered scrap paper industry is in one of the worst global financial market in history. World demand and paper generation is at a all time low. When the demand for consumer goods is down, the need for packaging is down, and when these are both down, the supply of scrap paper and board are down.
Far too many major paper mills, converters and distributors are in bankruptcy or about to be. Credit is tighter than it has been in decades and most account receivables are extended to longer terms than we’ve seen in years.
Couple all of this with the inadequate solutions for recovered recyclables that are now not being consumed as intended, and you will see our landfills building again. We all need to work together to reverse these trends. We need to think and act positively, yet responsibly, develop alternative solutions for much of the efforts many of us worked so hard to develop in recovering and selling these materials, and last of all, get the politicians out of the mix and bring back the business people who know what is needed for success.
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