When we started this blog, we wanted to commence an open discussion about the state of the industry in response to the overwhelming comments we received about high prices. Such furor raised is understandable considering the lack of reporting done in the mainstream media about this matter.
If you were to browse around the internet, you wouldn’t be likely to find much information regarding the recycling industry. Part of this is because ours is an industry on the fringes of others. We supply equipment to facilities like yours so that you don’t have to worry about your excess waste. As a result, the maintenance and supplies needed to keep your baler running in tip-top shape are often marginalized. We understand that especially in times such as these. But know that your baler is always working for you at all times and to neglect this piece of machinery in any way is to potentially cost your company much more in the long run.
In addition to regular maintenance and upkeep, your baler needs wire in order to bundle and bind together the bales it makes. As a whole, the cost of baling wire has seen a sharp increase in the past 7 to 8 months due to rising global demand and materials used in the refining process becoming scarce. This trend is no different than that seen in the oil market and cost of gas at the pump. Just as gas prices have seen a gradual dip in price over the past few months, so to is baling wire expected to climb back down to earlier rates. The two may seem unrelated but might have more in common than you think.
It’s rare to find a facility that manufactures baling wire in areas local to its most fervent users. Thus, the wire needs to be trucked out to various locations and warehouses, stored and then shipped out when need be. These expenses, though inconsequential at first glance, add up to the greater cost of baling wire to the end user. It is imperative that users such as yourself have an understanding on the supply chain that your wire goes through in order to reach its final destination. Wire prices are not arbitrarily set by companies supplying the product but determined by much larger factors that are often out of the hands of your vendor. Timing is also another issue but less so in allowing you to secure a good deal on pricing. If you see an increase in the goods and services you use on a daily basis in your own life, then it should come as little surprise to see such an increase in the materials you use at work.
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