Supermarkets Could Make $71M From Selling 15c Reusable Bags, Expert Says After Plastic Bag Ban

Supermarkets Could Make $71M From Selling 15c Reusable Bags, Expert Says After Plastic Bag Ban
Coles and Woolworths signs are seen outside a shopping centre on May 25, 2015 in Melbourne, Australia. Quinn Rooney/Getty Images
Henry Jom
Updated:
The switch from single-use plastic bags to reusable ones may not only reduce environmental waste, but also improve supermarket bottom lines, The Conversation reported.

According to Associate Professor Gary Mortimer from the Queensland University of Technology, a potential gross profit of $71 million could be earned by selling the 15 cent reusable bag. The figure was based on a six cent profit on an estimated 1.18 billion units.

Henry Jom
Henry Jom
Author
Henry Jom is a reporter for The Epoch Times, Australia, covering a range of topics, including medicolegal, health, political, and business-related issues. He has a background in the rehabilitation sciences and is currently completing a postgraduate degree in law. Henry can be contacted at [email protected]
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