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Why is mobile document destruction a growth industry?

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The demand for document destruction services is entrenched and growing. While the use of digital technology was predicted by some to produce the paper-less office, the falling cost and better quality of printing combined with a greater penetration of digital communication has resulted in the exact opposite and paper usage is rising not falling. In addition, the incidence of identity theft is a rapidly increasing problem, and the protection of personal information is therefore a major issue facing governments worldwide.

The mobile shredding industry has grown from a handful of trucks in North America in the mid 1990's to well over 1,000 vehicles worldwide now, and yet in many areas there is still a ground floor opportunity. To put the potential in perspective, in some North American cities there are many operators and many vehicles.

For instance in Toronto Canada there are approximately 55 mobile shredding vehicles in operation, representing one for every 40,000 of population. In many cities of a similar size outside North America there are no operators and therefore a ground floor opportunity.

Every Business Has Information That Requires Destruction

All businesses and government departments deal with confidential information. Customer lists, price lists, sales statistics, drafts of bids and correspondence, salary schedules, employment contracts etc. are entrusted with information that must be kept private.

Seemingly mundane documents in the wrong hands can cause great problems- for instance a staff annual leave schedule can spell disaster in the hands of a burglar. Employees and customers have a legal right to have their data protected. Without the proper safeguards, information ends up in the waste skip where it is readily, and legally available to anybody.

The trash is considered by business espionage professionals as the single most available source of competitive and private information from the average business. Any establishment that discards private and proprietary data without the benefit of destruction exposes itself to the risk of criminal and civil prosecution, as well as the costly loss of business.

Stored Records Should Be Destroyed On A Regular Basis

The period of time that organisations records are stored should be determined by a retention schedule that takes into consideration their useful value to the organisation and the governing legal requirements. No record should be kept longer than this retention period.

Internal Personnel Should Not Be Responsible For Destroying Certain Information

Common sense indicates that payroll information and materials that involve labour relations or legal affairs should not be entrusted to lower level employees for destruction. In addition competitively sensitive information is best restricted to employees on a need to know basis.

The only acceptable alternative is to have the materials destroyed under the supervision of upper management or by a carefully selected, high security service.

A destruction Shredding Service Should Destroy Documents As Soon As Possible after Pickup

Having documents taken to another location to be destroyed at an unknown time by unknown personnel is not acceptable to many organisations.

With the increasing incidence of fraud and a heightened awareness of security issues, the demand for a service that can destroy documents immediately has grown, and with this the mobile document shredding industry continues to expand worldwide.

* Nothing within this document constitutes a business performance guarantee by AXO Shredders, or an offer by AXO Shredders, or part of any other contract with AXO Shredders. This document is based on assumptions that may or may not apply in your market, and we encourage you to perform your own investigations and obtain your own independent financial advice.
Shred-Tech Asia Co., Ltd. Shred-Tech Corp. Shred-Tech® Australasia
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