9-19VanLectureNotes

9 per cent was predicted would result in industry

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Unformatted text preview: part of larger environmental and facilities services industry Value chain included waste collection, transport, processing, recycling or disposal, and monitoring of waste material Compound annual growth rate (CAGR) of 2.5 per cent (2005- 2009) In 2009- slowed down to 0.6 per cent Coming 5 year period, CAGR of 3.9 per cent was predicted, would result in industry total value of $276.4 billion by 2014 Solid waste management accounted for 53.8 per cent of industry’s total value Professor predicted latent demand for waste collection to be $129 billion between 2009 and 2014 o Canada expected to represent 1.9 per cent of this o United States expected to represent 20.6 per cent Globally, environmental and facilities services industry fragmented o Large number of small, local companies competed with a small number of large, global or national players With waste management segment, largest global competitors were Waste Management Inc. and Republic Services, which accounted for 10.5 per cent of the global market share o Service considered commodity, competition based mainly on price Most businesses tiny companies operating under “one man one truck” model Companies that specialized in non- hazardous substances needed a license but requirements were not hard to meet Waste collection perceived as unreliable customer service and lack of professionali...
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