Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

July 17, 2018 | Biodegradable Packaging is Next Boom Area

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Some 600 billion one use cups end up in landfills and water systems each year.  Most either won’t break down, or are toxic when they do.  At the current rate of creation, there will eventually be no room left on earth for anything but stagnant waste.  The business opportunity in creating and using non-polluting biodegradable packaging is overwhelming and global. This is especially the case when we require corporations to own the clean up costs that flow from their products and services.

Responding to a ban on plastic straws and utensils in its birthplace city Seattle, last week Starbucks announced that it would ban single-use plastic straws globally within 2 years.  This week McDonald’s and Starbucks have announced that they are teaming up to develop a more sustainable cup (at last!):

Fast food rivals Starbucks and McDonald’s are now on the same team — at least when it comes to developing a cup from sustainable materials.

McDonald’s is committed to using our scale for good to make positive changes that impact our planet and the communities we serve,” Marion Gross, senior vice president and chief supply chain officer at McDonald’s USA, said in a statement…

“A better cup will benefit the entire industry and we invite others to join us as we move these efforts forward,” Colleen Chapman, vice president of global social impact at Starbucks, said in a statement.

When government policy prudently insists on big picture sustainability and the unbiased enforcement of transparent laws, corporations respond and the life on earth evolves for the better.  There are no problems, only solutions, when consumers, governments and corporations demand intelligent evolution together.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

July 17th, 2018

Posted In: Juggling Dynamite

One Comment

  • Avatar Doh Doh says:

    Didnt starbux upgrade their cups or lids to cope with the lack of straws, and the new edition uses MORE plastic than the previous combination of cup+straw

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.