Abstract
Waste is one of the greatest difficulties confronted by people in any country where waste contaminates indigenous habitat with devastating results if the authorities fail to take care accurately. In any case, it appears to be practically unavoidable that our general public, manufactures, industrial businesses etc. produces waste whereas only can be minimized hence the point of this rationale thesis has been to explore how to recover the material assets by rethinking waste as an asset. The study primarily focuses on two stakeholders, mainly FMCG companies in Sri Lanka who produces numerous waste per month and secondly the study focuses on professional recyclers who have ability to recycle under proper long-term agreements with unwavering trust. This paper investigates a way of sustainably disposing product wastes of FMCG companies and also the determinants of waste disposal cost and ways of optimizing in fast moving goods industry in Sri Lanka. Thus, two questionnaires were distributed focusing on FMCG players and professional recyclers within Sri Lanka to measure determinants of waste disposal cost as well as to identify a strategy to aid generating profits instead of previously used cost generative process of direct disposing the FMCG wastage. Thus, factor analysis was conducted using two hundred and ten responses and the analysis extracts seven major factors as determinants to the waste disposal cost. This study concluded a successful waste disposal strategy as sorting and recycling where can change the current game play of the FMCG companies to a new direction.
Highlights
Throughout the history of mankind, the application of logistics and supply chain continue to emerge with the growing needs & wants of users where Fast Moving Consumer Goods plays a vital role by satisfying those requirements in daily lives where traditional trade gives customer/consumer the same experience in buying as in old times while modern trade makes a new experience by giving consumers the opportunity to select their requirements themselves under one roof
Both inter as well as intra traders compete to fulfil the social needs and wants of different ways of product wastages defined according to Basel Convention of 1989 as “substance or objects, which are disposed of or are intended to be disposed of or are required to be disposed of by the provisions of national law” [1]
The author has identified waste disposal cost of Fast Moving Goods Industry as the dependent variable of this research and the determinants of waste disposal cost is considered as the independent variables which was summarized from the literatures respectively
Summary
Throughout the history of mankind, the application of logistics and supply chain continue to emerge with the growing needs & wants of users where Fast Moving Consumer Goods plays a vital role by satisfying those requirements in daily lives where traditional trade gives customer/consumer the same experience in buying as in old times while modern trade makes a new experience by giving consumers the opportunity to select their requirements themselves under one roof Both inter as well as intra traders compete to fulfil the social needs and wants of different ways of product wastages defined according to Basel Convention of 1989 as “substance or objects, which are disposed of or are intended to be disposed of or are required to be disposed of by the provisions of national law” [1]. The rate of disposal has been on the rise, more and more damaged & expired goods are thrown
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