Tuesday, April 23, 2024

Business folk: Big bucks to be lost from ban

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With three days to go before the ban on single-use plastics takes effect, some businesses are facing thousands of dollars in losses, while others are crying out for cheaper alternatives.

Fast food supplier Kentucky Fried Chicken Barbados Ltd stands to lose $55 000 as a result of single-use plastics purchased for its 13 restaurants.

“We have in excess of $55 000 of single-use plastics on hand. We stopped imports immediately as we learnt of the ban because we knew that we had well in excess of 12 months of supplies on hand back then,” managing director Lisa Davis told the Weekend Nation.

“We would have purchased at this volume mainly to benefit from volume pricing and economies of scale. If we are going to offer something that requires special packaging, we are required to purchase when KFC Global is purchasing.”  (KG)

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