Retail waste management has been a perennial problem that haunts the retail industry. Not only does retail waste cost them money but it also causes serious environmental problems.
The most common types of retail waste include waste from packaging such as cardboard, plastics, papers, fillers, and general waste from customers. Discarded packaging and shipping materials are just the beginning of retail waste disposal problems. Returning items to the retailer or manufacturer produces a lot of waste since the original packaging just goes back to its origin.
Lowe's Companies Inc (Lowe’s) is a retailer of home improvement products. The company’s product portfolio includes kitchen appliances, building materials, tools and hardware, and lawn and garden. The company offers products under various private brand names such as Kobalt, allen+roth, Project Source, Utilitech, Reliabilt, and Harbor Breeze.
Total waste generated by Lowe’s was 942 thousand tonnes in 2021, an increase of 28%. The company generated 1.41 thousand tonnes of hazardous waste during the period that remained constant over 2020. The company recycled 466 thousand tonnes of total waste and disposed of 445 thousand tonnes of the total waste in the landfill.
By replacing difficult-to-recycle materials with recyclable ones, Lowe's is reducing waste sent to landfills. The company is currently researching ways to recycle plastic film in the US, which is traditionally disposed of in landfills. Currently, the company is testing an artificial intelligence technology for its mixed recycling containers to optimize its recycling process.
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