Amazon Is Creating an Empire of Trash, according to Gizmodo

From Gizmodo:

Amazon has been making a mint during the pandemic. That business has resulted in multi-billion dollar pay days for the company’s soon-to-be former CEO, and millions of the company’s iconic cardboard boxes being left on doorsteps, and in lobbies and mailboxes every day. And when those piles of boxes climb higher, the cost they carry continues to climb, too.

That’s according to a new Bloomberg report detailing how the price of old corrugated cardboard—OCC in recycling industry lingo for the salvageable material that can be pulled from one of these Amazon boxes—has doubled over the past year. And that number doesn’t seem to be going down anytime soon: Another recent report from the industry trade publication Resource Recycling found that the national average price for OCC has scooted up to about $75 dollars per ton as of last month. For reference, that price was closer to $25 dollars per ton at this time last year.

Understanding this massive spike means understanding some basic tenets of economics: When the demand for, say, cardboard boxes spikes as rapidly as it did during the start of the covid-19 pandemic, it puts pressure on packaging manufacturers to put out more product, and fast. The thing is, that surge in demand wasn’t met with a similar surge in supply. Resource Recycling reported last year that during the initial height of the pandemic in the U.S.—around late March through April—recovered paper collection plummeted between 30% and 50%.

In other words, the production end of this supply chain now needed to do way more with way less recycled cardboard, leading to a price hike that will continue to skyrocket until recovery and recycle rates catch up with this newfound demand.

Continue reading Amazon Is Creating an Empire of Trash on Gizmodo

Or take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

AT&T Fails to Trim Lawsuit Challenging Its Pension Calculations, warns Bloomberg Law

From Bloomberg Law: AT&T Inc. workers challenging how their pensions are calculated can seek relief on behalf of the pension...

Chamber Views on 401(k) Fees Excluded from DISH Network Lawsuit, says Bloomberg Law

From Bloomberg Law: The US Chamber of Commerce suffered a setback in its recent push to curb litigation over 401(k)...

Latest Comcast customer news: Comcast’s Xfinity Stream app comes to Apple TV

From The Verge: Comcast’s Xfinity Stream app replaced the old Xfinity TV setup in 2017, allowing cable TV subscribers (who...

Uber Drivers Foil Microsoft Move of Biometric Claims to US Court, warns Bloomberg Law

From Bloomberg Law: Two former Uber drivers won their bid to remand two of their biometric privacy claims against Microsoft...

Latest T-Mobile customer news: Security Lessons From The T-Mobile Hack

From Forbes: The National Cyber Security Alliance found that 60 percent of companies are unable to keep their businesses open...

Fox News reports Abortion: Washington Post column blasts Amazon, Uber, other large companies over ‘corporate perks’ for women

From Fox News: U.S. congressional candidate and Disney employee Jose Castillo says company executives are following the 'liberal left handbook.' A...

You might also likeRELATED
Recommended to you