SWOT Analysis of Waste Management Inc. Waste Management (WM) is a North American environment service, comprehensive waste, and waste management service providing company. Dean Buntrock and Wayne Huizenga laid the foundation of the waste management company on 01 January 1968. The headquarter of the company is in Houston, Texas.
Some of the main products and services of Waste Management Company are as follows;
- Security services
- Portable toilet rental
- Dumpster rental
- Treatment and disposal
- Hazardous material collection
- Yard debris
Key statistical facts and figures about Waste Management are as follows;
- The annual revenue of WM in 2023 was 19.929 billion US dollars
- Out of which, the net income of WM was 2.258 billion US dollars
- Approximately 49,500 employees are working for the company to manage its operations
Some of the top competitors of Waste Management are as follows;
- Waste Connection
- Republic Services
- Casella Waste System
- Waste Pro
- GFL (Green for Life Environment)
Today, we’ll discuss the swot analysis of Waste Management. It is going to focus on the internal strengths and weaknesses; external opportunities and threats to the waste management company. Here’s the swot analysis of waste management as follows;
Strengths of Waste Management
Some of the main strengths in the swot analysis of waste management are as follows;
WM has a large network in the waste management industry. For instance, the company has more than 26000 collection and transfer vehicles; 6 independent power production plants, 111 beneficial use landfill gas projects, 146 recycling plants, 300 landfill disposal sites, 300 transfer stations, and more than 300 collection operations. However, the vast network amplifies the company’s reach to customers.
According to an estimate, WM has got a network of approximately 30 million loyal customers in various categories like residential, commercial, industrial, and municipal. The company is operation its waste management business in countries like Puerto Rico, Canada, and the USA. The company gathers more than half of the country’s garbage.
WM has a trucking fleet of approximately more than 26000 collection and transfer vehicles. It is the largest trucking fleet in the waste management industry. However, it shows the company’s commitment to cleanliness and picking up garbage from its customers.
WM has recently launched a new program and it focuses on recycling and creating energy from the waste. It is a great initiative of the company of producing clean energy from the waste and recycling the waste for further reuse, rather than discarding it.
Separate Waste Line
Just like WM has got different types of customers, and their waste category is different. The company specializes in collecting different types of waste separately. For instance, hazardous waste, medical waste, industrial waste, or residential waste are some of the waste categories; because they all require different types of disposing and recycling treatment.
Weaknesses of Waste Management
Some of the main weaknesses in the swot analysis of waste management are as follows;
Recycling waste and generating clean energy from waste disposal are some of the worth highlighting methods and strategies, but WM doesn’t. It is because the interest of the consumer market has shifted from consumption and disposal to recycling and reusing.
Improper Waste Disposal
WM has faced litigations of improper disposal of waste and they are jeopardizing the reputation of the company. Since the company stands for cleanliness, recycling waste, and environmental sustainability; such types of lawsuits aren’t good for the company’s business.
Opportunities for Waste Management
Some of the main available opportunities in the swot analysis of waste management are as follows;
New Methods of Recycling
The consumer market is finding cost-efficient methods of recycling and reusing the material. WM should keep finding new methods and strategies for recycling waste material and sharing it with its consumer market. It allows the company to connect with its customer market and inform them about its practices.
Research & Development
Waste Management should allocate a significant amount of resources for research and development of recycling methods and energy development from the waste. The development of new cost-effective methods, strategies, and practices would benefit the company in the long term.
The recycling of waste and energy creation from the waste has got great growth potential in the long term. It is because such strategies focus on the sustainability of the environment, and environmentally sustainable businesses would attract the attention of customers.
Threats to Waste Management
Some of the main potential threats in the swot analysis of waste management are as follows;
The government regulation about waste disposal and energy creation methods from waste keep on changing. Therefore, the company should beware of the latest regulation, and update its strategies in order to comply with the law.
The waste management industry has become highly competitive, and there are various players offering similar services. In the presence of high competition, it has become highly difficult for WM to maintain its market position and share in the industry.
Conclusion: Waste Management SWOT Analysis
After an in-depth study of the swot analysis of Waste Management; we have realized that WM is the world’s leading waste management service-providing company. If you are learning about the business of the WM company, then you should keep in mind the abovementioned internal and external factors.
Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. Other than that, he’s a fun loving person.