There are several reasons to periodically review your specification and take a fresh look. Merger and acquisition activities, different distribution channels, new customers, the introduction of automation.
Once you have a pallet specification that works well for your company, it typically is accepted and institutionalized. Over time, it can become so entrenched that no one even thinks about it. But given the high prices of pallets lately, that’s about to change.
In 2021, many companies that probably hadn’t reviewed their spec in some time received quite a surprise when they couldn’t procure their usual pallet. They had to scramble for alternatives on the fly. For example, rental pallet shortages sent rental customers in search of pallets to buy. Likewise, shortages of recycled pallets forced many companies to buy new pallets or explore other options such as presswood pallets.
Beyond the short-term scramble to find pallets in 2021, I noted in the last installment that there are several reasons to periodically review your specification. Merger and acquisition activities, different distribution channels, new customers, the introduction of automation, etc., should be prompts to take a fresh look.
When undertaking that review, one area of consideration is whether to purchase new pallets, used pallets or remanufactured units.
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