Study on Factors Influencing Waste Disposal Cost and Optimize in FMCG Industry in Sri Lanka

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.