This scheme, which will start on April 1, could raise operating costs for beverage producers. To give producers and retailers time to clear existing inventory that does not need to be recycled, there will be a transition period between April 1 and Sept 30.
With the upcoming festive celebrations, consumer spending could see an uplift. Besides tossing yusheng, more cans and bottles will be cracked open not only at dinner tables but also during house visits, boosting seasonal sales for beverage producers.
However, in the name of sustainability, the government is introducing the Beverage Container Return Scheme (BCRS), where beverage producers will be required to fund and manage the collection and recycling of empty beverage containers.
