Key Initiatives for Business Leaders Post-COVID in the Pallet Industry
America is continuing to reopen, and this has subsequently lead to shortages and other changes throughout the pallet industry.
The Pallet Guys are here to be your go-to pallet experts, and we know exactly how important your pallet supply is for your company’s entire supply chain. There’s no denying that the pallet industry is going to slowly but surely come back to “normality”, but these changes are going to take some time.
This is why we’re outlining three important strategies for business leaders to keep in mind as they plan to adjust to the current pallet market and prepare for future conditions into the latter months of 2021.
Current Important Factors That Are Influencing The Pallet Industry
There currently are six crucial factors that are having a tangible impact on the pallet industry as a whole, including:
- Lumber price increases
- Fastener price increases
- Labor cost increases
- Transportation cost increases
- Shortages in pooled pallets
- Increasing demand for used pallets
All of the above factors are simultaneously affecting the overall price of wood pallets throughout the whole industry, and this is leading business leaders to get more creative with their pallet strategies. The Pallet Guys are here to support you and your business’ needs while the industry starts to come “full circle” as the effects of the pandemic start to subside, and the following recommended strategies will help you make the most out of your pallet supply in the second half of 2021!
Our Recommended Strategies For Navigating The Current Pallet Industry Conditions
Below are some of the key strategies that you should keep in mind as you’re re-evaluating your pallet supply needs for the rest of the year:
1. Partner Your Business With A Reliable Pallet Recycler
This is arguably the most important step that any business leader can take during 2021, because partnering with a reliable pallet recycler like The Pallet Guys will ensure that you’re in a good position to adjust to any market condition changes.
Although working with us may not be able to fully guarantee that you’re protected by every current market condition, you will be able to effectively mitigate the overall effects that market conditions have on your company’s supply chain.
The Pallet Guys are one of the most trusted pallet recyclers in the entire United States, and our commitment to customer satisfaction has made us a go-to source for countless businesses. We’ll be sure to provide you with industry forecasting and reporting so you’re in the know on what’s currently happening and about to happen within the pallet industry, and these industry insights are priceless when it comes to solidifying the overall efficacy of your supply chain!
2. Planning Ahead And Continuously Communicating
Another important strategy to keep in mind is planning out your communications with our team, because prudent communication will undoubtedly go a long way in ensuring the protection of your supply chain.
Lead times throughout the pallet industry will naturally be extended with the current market conditions that we’re all experiencing, which makes it increasingly important for business leaders to forecast and communicate their demand to pallet companies. By planning ahead of time, you’ll be able to better ensure that your orders are always being fulfilled within as timely of a manner as possible.
Good communication is also important for businesses and their own customers, because you should let your clients know when their products will arrive on atypical or recycled pallets for transparency purposes.
3. Being Innovative With Your Pallet Solutions
Shipping on atypical pallet sizes or with pallets of varying composition are innovative solutions that business leaders should keep in mind for the short-term as a market condition solution.
You can also keep other long-term solutions in mind throughout the ensuing months of 2021 as you start to consolidate your pallet operations with one reliable organization that you can count on!
Reach Out To The Pallet Guys To Learn More About How We’re Helping Businesses Everywhere Adjust To Current Market Conditions!
The Pallet Guys have supported countless businesses with different supply chain and operation needs, so we can guarantee that our pallet programs will help to significantly reduce your order to fulfillment times.
We have the resources that you’ll need to mitigate the shortages and price increases that the pallet industry is currently experiencing, and we can always ensure that you’re getting high-quality pallets at an affordable price when you work with us.
Contact us online or call us at 832-895-7555 to get in touch with our pallet specialists and learn more about how we can support your business as the market swiftly shifts throughout the rest of 2021!
