Waste: The Hidden Cost of Convenience
Ashwin Khorana
Bogey Golfer | Independent Advisor | Expert in Digital Transformation, Financial Services, and Fintech | Driving Innovation and Financial Inclusion in Banking and Payments
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In a world dominated by “Buy Now” buttons and two-day deliveries, the Netflix documentary “Buy Now: The Shopping Conspiracy” highlights an uncomfortable truth — the monumental waste created by our shopping habits.
The rise of e-commerce has brought convenience to our doorsteps, but it comes at a steep price. From overproduction to overpackaging, and from unsold inventory to returned goods that end up in landfills, the waste generated by our shopping frenzy is staggering.
Take, for example, the phenomenon of “fast fashion.” A trendy dress might be worn once or twice before it’s discarded, with millions of such items ending up in garbage dumps. Similarly, think about the countless boxes, plastic fillers, and tape used in online deliveries — all discarded within seconds of unboxing.
But the waste doesn’t stop at packaging. Companies producing goods in bulk to meet fluctuating demand often find themselves with unsold stock, which is destroyed or dumped to maintain market prices. Returns, touted as a hassle-free benefit, add to the chaos. Many returned items, especially electronics or apparel, are deemed unfit for resale and are simply discarded.
And then there’s e-waste, the dark underbelly of our tech-driven lives. Each year, millions of smartphones, laptops, earbuds, and other gadgets are discarded as consumers chase the latest upgrades. E-waste is not just another type of waste; it’s hazardous. Discarded electronics contain toxic substances like lead, mercury, and cadmium, which leach into soil and water, causing long-term environmental damage. Shockingly, less than 20% of global e-waste is properly recycled, leaving the rest to poison ecosystems or pile up in landfills.
The sheer scale of e-waste is mind-boggling. A discarded phone might seem insignificant, but multiply that by billions, and you have mountains of electronics sitting idle or being irresponsibly discarded. Add to this the energy and resources consumed in producing these gadgets, and the environmental cost skyrockets. ?
What We Should Do?
Consumers:
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Corporates:
The Role of ESG
For organizations, addressing waste, especially e-waste, isn’t just a moral imperative—it’s a strategic one. Environmental, Social, and Governance (ESG) metrics are increasingly influencing investor decisions, customer loyalty, and regulatory scrutiny.
Companies that embrace sustainable practices early not only future-proof their operations against regulatory shifts but also strengthen their reputation as responsible corporate citizens.?
Check out ZECOMY (Brand of Eco eMarket Pvt Ltd) , a market platform for ewaste management. It has shown significant impact through reduction of more than 14000 MT of carbon emission and diverted more than 12000 MT waste from land-fill. ?
Convenience is great, but sustainability? That’s priceless.
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