incmagazine
Aug 12
239
0.03%
Garbage: It's a foul business. Tom Szaky, the founder and CEO of @terracycle, knows that's the popular opinion. He's been asking business students at New York University annually how many of them would like to get into waste management. Not a single one has raised a hand for more than a decade.
Szaky understands the resistance. His chosen sector is known not just for being filthy, but also for having upside-down economics, entrenched large players, and high operational costs leading to industry rigidity. But none of those challenges has stopped Szaky from innovating in the field, or from maintaining profits--which is why he's been called the Elon Musk of waste.
Over the past two decades, Szaky, 40, has grown TerraCycle from a scrappy fertilizer-in-recycled-packaging business in his New Jersey dorm room to a 550-employee, 20-country trash-management and recycling company, purveyor of recycled content, and foundation for funding waterway cleanup. Now he is building his biggest innovation yet: an international, circular supply chain to help major companies sell products in long-term reusable packaging. This latest venture is by far its most ambitious. Link in bio. (Reporting by @youfoundchristine / 📸: @terracycle)
incmagazine
Aug 12
239
0.03%
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