Compared to other sectors that tariff-induced macro headwinds have tossed around, the solid waste industry remains a port of relative calm. Nonetheless, if macro conditions continue to deteriorate and warrant, the sector maintains proven cash flow preservation levers, including discretionary expense reductions, equipment optimization, automation efficiencies, and the postponement of capital outlays. CPI-influenced pricing leverage has also proven effective in maintaining a positive price/cost spread within an inflationary backdrop. And while the malaise in construction and manufacturing has kept organic volume growth under pressure, the industry is well positioned to leverage a seemingly always fertile M&A environment and favorable policy initiatives related to taxes, environmental regulations, supply-chain on-shoring, and lower fuel costs.