In today’s business world, the toughest expenses to plan for are the direct and indirect costs that arise from meeting regulations and the instability of this environment. Since Beverage Industry began conducting its Annual Fleet Survey in 2013, just more than a third of the respondents have consistently listed regulatory compliance costs among their Top 3 operational concerns. Additionally, an average of 22 percent of respondents consistently listed regulatory instability among their Top 3 operational concerns.
One of the key reasons that it’s so difficult to project the costs of complying with regulations is that regulatory agencies are required to provide estimates of compliance costs. These estimates can be wildly inaccurate, making them virtually useless for any long-term planning.