Why do I need to review my scheme before the introduction of EPR?
EPR is set to revolutionise the world of waste and recycling and it will impact brand owners significantly. Any cost savings you can make now will be particularly valuable under EPR, and the more informed you are on EPR the better the outcome will be for your business.
1. Taking control
With the introduction of EPR and its complex nature, reviewing your scheme will allow you to take control and decide whether you feel confident that your current scheme will support your business and employees through a time of huge change.
2. Cost rationalisation
If you are a brand owner, the reality of EPR is that you will most likely have to pay significantly more than you are currently paying. Against the backdrop of exponentially rising costs, it is essential to minimise costs wherever we can; if your costs and invoices are unclear now, it is likely they will become even less clear under EPR. Do you have clarity on what your scheme charges you? Reviewing and switching your scheme allows your business the opportunity to accurately forecast EPR costs or your specific business so that you can budget accordingly.
3. Meeting your specific business needs
Reviewing your scheme before the implementation of EPR means that you will be able to identify your business needs and how exactly a packaging scheme can meet them. Although EPR is applicable across many industries, every business is unique with unique needs; if you are not receiving a personalised service, tailored to the needs of your business it will become much harder to manage risk under EPR. Is your scheme helping you prepare?
4. Achieving a seamless transition to new legislation
Remaining with your current scheme without review prevents you from the option of a stress-free and seamless transition to not only EPR but all upcoming legislative change such as the Deposit Return Scheme (DRS). A proactive approach to new legislation is crucial to cost management, particularly under EPR.
5. The wider impact on your customers
Without a well- informed, collaborative and proactive approach to EPR the impact on your customers could be significant. To avoid hiking up prices to account for EPR costs, review your scheme to ensure you are receiving the best service, tailored to your needs, at the lowest possible cost.