The great business opportunity in Asia nobody is talking about

08 May 2019

As Asia continues to be the leader of developing economies with highest GDP growth rates, rapidly growing consumption, increasing urbanisation and growing population, it is now facing a new challenge of how to manage waste generated by its cities. Asian rivers are now responsible for 90% of oceanic plastic pollution. The South Asian and Asia-Pacific regions produce over 800 million tons of waste annually, which constitutes 37% of total global waste generation or 50% when including Central Asia and Middle East. China is the biggest producer of plastic waste in the world, with India quickly catching as a result of rapidly growing consumerism and ecommerce.

Some Asian governments have started taking initiatives such as closing down popular tourist spots to allow for clean-up activities. However, these solutions are only short-term and can create issues for middle-income countries that rely on tourism for economic growth. This means more long-term solutions such as waste management are needed. There is also a need for innovative policies, incentivisation, appropriate infrastructure and operations for implementation. Data tools (such as geospatial data) can be utilised to plan for operations and targets and track the overall waste management process. This can help Asian governments and organisations with budget allocation, selection of the required technologies and establishment of strategic partnerships to create an effective system. There are many opportunities for businesses to get involved by offering their innovative ideas, digital solutions and disruptive technologies for waste management across Asia.

Read the full article on the Entrepreneur website.    

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