A 2023 National Association of Manufacturers (NAM) study estimated that U.S. federal regulations will cost approximately $350 billion in 2022, particularly damaging smaller companies.
“To put this figure in perspective, it is larger than the individual economies of 29 U.S. states,” the NAM report states.
Other findings in the report:
Automated waste stream processing equipment, including conveyors, metal scrap processing systems, cutting fluid reclamation and recycling equipment, and process water and wastewater treatment systems, are shown to lower compliance costs and related expenses by reducing:
Download the NAM study to learn how much compliance costs manufacturing companies. To learn how automated systems can help lower your compliance costs and liabilities, connect with a total solutions provider of waste stream processing equipment at PRAB.com.