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Useful Info about Shredding Industry
“It's difficult for us to say how many paper shredding companies are present in the industry, it's been such a remarkable boost," said by Bob Johnson, executive director of the Phoenix-based National Association for Information Destruction (NAID), a paper shredding industry trade group. "Three years ago, NAID had 170 members; now they have around 650 members. The FACTA disposal law will carry on raising the business, which is already going high from a chain of laws for the last six years-HIPPA and GLB [Graham-Leach-Bliley]. They all say, 'You must look after client’s information.' There also has been a lot of advertisement about identity theft, and 12 states are now demanding safety of personal data.
Johnson said it's not hard to get into the paper shredding business; however the expenses to go into it in a key way can be great, with mobile trucks costing upwards of $300,000. "It's a very simple business to get into and there is no scarcity of people going into it," he said. Of those in the business, Johnson anticipated that one third have got mobile shredders, one third are plant based, and one third have both services. In addition, one third are in the document storage business, and offer obliteration as an additional service, while one third are paper recyclers that, he said, need to keep safety first. Johnson sees more qualified paper shredding in small business and uptown markets, although he said persons who are smart would purchase their own paper shredders. "That's an emergent part of the business, putting sanctuary cabinets in homes and businesses where perceptive documents are waiting to be shredded. As the means get denser, prices will become more viable. Those secure cabinets are to be seen everywhere.
The information shredding industry that exists today makes it gradually more uncommon to hear about family-owned, single-location shredding companies remaining competitive among the industry powerhouses. Business mergers, local buyouts and industry corporations are rapidly becoming the standard, making it even harder for the “mom and pop” companies to raise their market share.
The time has never been better for shredding companies to expand crossways and gain more business from available customers. You already hold the concentration of your clients and you’ve already gained their trust by meeting their paper shredding requirements. Taking your shredding business to the next level couldn’t be easier. The time is now to take shredding industry into the 21st century. When you make a decision to make the turn into the future, know that Allegheny will be by your side, presenting the most advance and cutting edge technology essential to be successful in the electronic age. “Records storage companies have slowly made a way into into the shredding industry over the last few years. Shredding has become a big deal," said Nikki Swartz of ARMA International, a nonprofit association based in Lenexa, Kan, that provides shredding services to more than 10,000 information administration experts in the United States. Swartz is the publications editor of the association's Information Management Journals. Swartz said more and more companies are making policies on how to handle their confidential information, or beefing up on hand policies.
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