Cleanaway is Australia’s largest recycling company. The current CEO and President Vik Bansal took office in August 2015, leading the firm to great success in recycling. Despite this, little attention was paid to success, as many of Australia’s 67 million tons of waste were not yet recycled. The government intervened to revive the industry and set up a $ 134 million modern recycling fund. After announcing this government investment, Bansal came to discuss the future of the Australian recycling industry. Vik Bansal’s goal is to change to a closed-loop in waste management. Over the next two decades, Australian waste is expected to increase dramatically. Without reasonable steps to enhance Australia’s recycling work, environmental degradation will not be reversed. Vik Bansal said the Recycling Modernization Fund intends to promote rapid growth and development, which will make the recycling industry closed in the near future. A closed recycling system can get 99% of recyclable waste. Running a waste treatment firm can be a challenge.
Vik Bansal has been encouraging employees to work more efficiently, following changing rules, and finding sustainable ways to manage waste is an ongoing struggle. Managers like Vik Bansal have found that meeting the community’s needs is a challenge and could be the reason most department heads have left the industry. During a recent interview, Vik Bansal revealed that the biggest challenge is the ability of employers to retain and motivate employees to finish their jobs. He said that managing the day-to-day operations brings many obstacles for the management team. When other issues such as staff management are added to the mix, things became even more confusing. Vik Bansal is a talented and experienced manager handling many tasks at a go. Vik Bansal is a famous business executive holding degrees in electrical engineering, advanced MBA, and INSEAD management courses. He took part in founding the NWRIC (National Waste Management and Recycling Council) which is part of his professional achievements. Early in his career, Vik Bansal served as chief executive officer at Eaton and One Steel Limited. Later, he joined forces with Valmont Industry as segment leader before promoted to president and chief executive officer.