Navigate The Current Pallet Market
The pallet market continues to have a shortage of wood pallets as the society reopens. This is leading to long lead times and an increase in demand.
MYPALLETMARKET, your pallet expert, has identified three crucial strategies your company could adopt to limit the effects of the current pallet market.
The Importance of Pallets in Shipping
Shipping is an essential aspect of life without pallets. They are an integral part of shipping. Pallets are required for transporting large quantities of goods.
The industry of pallets is famous for its phrase “Pallets Move the World”. We are now seeing the reality of this claim. We can see that delays in various industries could be due to the lack of pallet inventory.
Factors Influencing the Pallet Market
Six major factors are driving the demand for pallets.
- Prices for Lumber have risen
- Price increases for fasteners
- Increased labor costs
- Transport costs have risen
- Shortage in Pooled Pallet
- There is an increase in demand for recycled pallets
These critical factors affect the price of pallets and lead times throughout the range. Additionally, they increase the demand for recycled wooden pallets, typically seen as a value-for-money alternative.
This results in a decrease in the supply of pallets recycled in the market. We witness the marketplace being in a “full circle” for recycled pallets. This is because demand has outstripped supply, so recyclers are paying more for the pallets (cores).
These are our top recommendations for navigating the Pallet Market
A Reliable National Pallet Recycling Company is a good choice
The most effective option to take in the present and future is to ensure that you are in sync with your suppliers and get pallets from a reputable national recycler.
Although you’re not guaranteed to be secure from every market scenario, using a reputable pallet recycler on your side will help reduce the impact of market conditions upon your supply chain.
MYPALLETMARKET is a reputable pallet recycler in the country and has been focused on “customer-first” for decades. This includes customer-first inventory allocation, leading forecasting, and industry-leading reports.
Plan Ahead & Communicate
Maintaining a solid relationship with your pallet recycler or supplier is vital to ensure the safety of the supply chain.
Because of these market trends, lead times will be extended. Pallet companies will be able to better communicate with you and forecast your needs so that you can ensure your orders are processed quickly.
It is vital to be able to communicate with your clients professionally. It is crucial to share with your clients the possibility of products arriving in unusual pallets.
Innovative Solutions
Innovative solutions, like pallets that are unusual in dimension or shape, may provide a short-term solution to the current market conditions.
There is also the possibility of new pallet programs, which will bring your operations on pallets under one entity, which can be a viable long-term solution.
MyPALLETMARKET’s on-site programs and repair-and-return include optimizing the pallets your company reuses. Based on the location of your business and supply chain, the programs are customized to meet your needs. This will decrease the time needed to process orders. MYPALLETMARKET is among the Malaysian wood pallet recycling businesses. Additionally, they have access to many resources that can help mitigate the effects of shortages in inventory.
Wooden Pallet Supplier
Are you searching for an eco-friendly and excellent Wooden Pallet Supplier within Malaysia? MYPALLETMARKET has over 25 years of experience in the business of pallets. MYPALLETMARKET is the No.1 Pallet Manufacturer In Malaysia.
MYPALLETMARKET is a complete distributor of Malaysia. MYPALLETMARKET covers the entire region of Malaysia and Singapore. Therefore, contact us if you require a pallet item or a standard-size pallet. MyPALLETMARKET promises to provide you with the best prices and services.
Get the Best Wooden Pallet for sale from MyPALLETMARKET NOW!
