Now is the time to take control!

The upheaval in global market conditions for commodities presents unprecedented challenges. Metal recyclers are having to deal with erratic fluctuations in supply, demand, and currency prices. These were never predictable in the best of times, but metal recyclers are finding it difficult to do business with a high degree of uncertainty as consumers of recycled materials face economic headwinds.

It’s not our aim here to paint a bleak picture. You know the challenges you’re facing. You know that it’s also not easy to move towards a circular economy while complying with strict environmental standards and regulations. But it’s a goal we must all continue striving towards. It’s not only the right thing to do, it makes good business sense.

Opportunities in adversity

It’s during tough times when recyclers need to seize opportunities. Changing demand influences market factors, which in turn cuts into profit margins.

The more adversity you face, the more creative and innovative you should be, not just to survive, but thrive. It’s important to remember the opportunities ahead, which is why it’s critical that metal recyclers prepare now.

The metal recycling industry is projected to grow from US $52.1 billion in 2019 to the US $76.1 billion by 2025, at a CAGR of 7.8% from 2020 to 2025. This growth is attributed to the demand for steel from developing countries as they continue to experience urbanization and industrialization.

Now is the time to review your operations

Take a lead on sleeping competitors. You can do several things. Diversify and consider recycling other ferrous and non-ferrous materials. By diversifying, you can open up new revenue streams. What about your operating costs? How can you adapt to changing demands faster? How can you simplify the complexities of managing multiple locations?

It’s all about business agility

Each of these goals can be achieved by the ability to be agile. To be agile, you need to leave error-prone, manual processes behind and embrace digitalization. More than that, you need an ERP with the flexibility to enable fast time to market.

Make your logistics more efficient. This is an area that’s always required high operating costs, and really, you should have addressed it a long time ago. But better late than never. Here again, digitalization is the answer. Best-in-class Intelligent Optimization will drastically cut your logistics costs while supporting operational and post-operational business processes.

It’s been done before. For instance, users of AMCS Intelligent Optimization, have saved up to 75% in administration planning time while reducing the number of trucks they put on the road by up to 15%. Other technologies can give you just-as-impressive results.

Getting ahead with AMCS solutions

We enable rapid business transformation, helping more than 600 recyclers worldwide adapt to new market conditions. Our technologies are designed to protect your margins:

• Changing prices
• Complex pricing structures
• Material quality and contamination
• Downtime of facilities
• Inventory management
• Supplier communication
• Safety and crime prevention

We’re also best placed to help make your recycling efforts more efficient for paper, wood, plastic, and textiles.