Waste management research

One of the main trend that the company should monitor closely in waste management industry is the increasing populations. in addition the company should monitor the wherever that population decides to measure and work. Most of the attention of the waste management companies is shifting to inhabited and residential areas as they present an immense opportunity for growth. The trend is also reflected in industrial development and economic zones due to the volumes of waste generated and the demands for proper disposal. There is an opportunity to enter the global markets but the companies should be aware of the waste management companies expanding onto the US market. the waste management is in demand of innovative solutions to both hazardous and non-hazardous waste.

The table below shows the five forces analysis and their intensity towards the industry. Forces Intensity Threat of new entrants Moderate Power of suppliers Low but growing Power of buyers High Power of substitutes Moderate Intensity of rivalry Moderate 3. 1 Threat of New Entrants Markets that regulates high profits attracts new entrants, this erodes profitability of the industry. For the industry to maintain its profitability and avoid declining its profitability to a competitive rate, the industry should ensure that incumbents have very strong and durable barriers to entry such as patents, economies of scale, government policies or capital requirements. The options available for managing and disposing the waste include the construction of a new landfill site or a waste –to-energy plant, and the other option is the purchase of an existing facility.

Both options considered when entering the waste management industry are very costly and are subject to significant regulatory scrutiny. Therefore, new operators will find it difficult to start the waste management business. B) The government policies within the waste management business involve strict requirements such as licensing and legal requirements that new companies should consider. The companies which are willing to start the waste management business should fulfill various legal requirements and licensing before starting the business. The Public Services Inc. has various industries that act as their suppliers. 1) Caterpillar Inc. 2) Crane Co. 3) Deere and Co. B) When the suppliers offer or provide products or services that are fairly standardizes, less differentiated and have low switching costs. C) When the supplier are not able to offer or provide a credible threat for forward integration into the industry in which the waste management operates.

The power of suppliers within the Republic Services Inc. is low because the industry has various suppliers who offer various materials and also the industry offers various kinds of produces produced from different types of materials. https://csimarket. Creating a large customer base is very important for the industry because when the buyers are many the industry will have a great chance of bargaining compared to when the buyers are few. The factors that weaken the buyer’s bargaining power for the Waste Management Industry include the following; A) The buyer’s bargaining power is weakened when the buyers within the industry have low income. When the buyers have low income they will not be able to buy products and services at a high price, thus they will buy products at a low price.

B) The buyer’s bargaining power is reduced when the number of suppliers in the industry in which the Waste Management operates is higher than the number of companies producing the products. C) The bargaining power of the customer is reduced when the product differentiation within the Waste Management Industry, this implies that the customers are unable to find alternative companies that produce a similar product. , & Bush, P. M. Emissions from US waste collection vehicles.  Waste management, 33(5), 1079-1089. 4 Power of Substitutes The specific products by which various industries are possible substitutes for the Waste management industry’s major products include bagster and pack-rat. There are given ways that waste treatment and disposal services can tackle the threat of substitutes. Waste treatment and disposal services can be able to reduce the threat of the substitutes by putting emphasis on how the products or services are better when a comparison is done with the available substitute.

Waste treatment and disposal services need to give reasons that are convincing to the customers by giving an experience that is better and improving the quality, maximizing the value for money and set differentiation basis that is strong so that the customers will be discouraged from using the other products or services. The power of substitutes within the Republic Services Inc is moderate but and declining. This is because there are very few products that can be used as substitutes which are of high quality but they are very expensive. Waste treatment and disposal services need to invest in activities of development and research for segments of new customers. The intensity of rivalry within the Republic Service Inc. is high. This is because the industry involves few competitors who share a large market.

Also, in terms of strategy the companies produce different products since the firms within the industry are diverse. Emissions from US waste collection vehicles.  Waste management, 33(5), 1079-1089. Alam, P. F. , &Wulandari, S. 0 billion. Customers are always seeking new products that the market can products and services. Therefore if the new entrants in the industry are offering new services, then they can easily penetrate the market. There is a general increase in environmental awareness; hence, people are willing to use every opportunity to recycle the waste-reducing the amount that is taken to the municipal landfills. Industries produce hazardous wastes in large scale. The existing number of the industry providing waste management shares a profit of $2. 0 billion. Therefore the threat of new entrants shapes the market competition.