A 2023 National Association of Manufacturers (NAM) study estimated the costs of U.S. federal regulations in 2022 to be approximately $350 billion, with the costs hitting smaller companies particularly hard.
“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:
To learn more about how much compliance is costing manufacturing companies, download the NAM study. 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.