Core Insights - Compliance has historically been viewed as a cost center across major industries, leading companies to hire consultants, form reporting teams, and invest in monitoring systems primarily due to regulatory requirements [1] Industry Perspective - The necessity for compliance has driven companies to allocate resources towards external consultants and internal teams, indicating a significant financial burden imposed by regulatory frameworks [1]

Core Perspective - Recycling was initially promoted as a cost-effective and impactful solution to the global plastic crisis, gaining widespread support from various stakeholders [1] Industry Summary - The recycling industry has been positioned as a key player in addressing environmental concerns related to plastic waste [1] - Stakeholders across different sectors have engaged in promoting recycling as a viable solution to the plastic problem [1]

Core Insights - Recycling was initially viewed as a straightforward solution for sustainability, with significant commitments from policymakers, global brands, and NGOs [1] Industry Overview - Policymakers established ambitious recycling targets to promote sustainability [1] - Global brands have pledged billions of dollars towards recycling initiatives [1] - Non-governmental organizations (NGOs) are advocating for greater accountability in recycling efforts [1]