Business leaders recognize that sustainable practices can improve economic growth and efficiency. At the same time, consumers want products from companies that incorporate sustainability into their business models. Implementing sustainable logistics strategies can reduce waste, improve profit margins, streamline operations, and create a more resilient and competitive business. Let’s
Our Pallet Price Trends for 2024 marks the third pallet price trends annual report from FALM, following our 2022 and 2023 reports. Prices have continued to soften since the pallet market startled supply chains with its historically unparalleled wild gallop in January 2021. Supply chain decision-makers frantically clenched the
FALM was thrilled and honored to be named the winner of Pallet Enterprise Magazine’s most recent (2023) Website Excellence Award, achieving top marks against some imposing pallet industry competition. This blog reflects on that recognition and offers readers a look under the hood. We explore what stood out to
As a business owner, it’s important to improve every aspect of your company’s operations, including your shipping and delivery processes. Understanding the weight variations among various types of pallets will help you assess your supply chain management. Keep reading to review the average weights of different types of pallets,
The COVID-19 pandemic served as a powerful disruptor to the carefully choreographed ballet of the global supply chain. As a pivotal event in modern history, the repercussions have shifted dynamics, tested resilience, and forced reimagination within the industry. These repercussions have left a lasting impact on how we move
Modest investments to improve pallet plant efficiency can help providers remain competitive and desirable workplaces without breaking the bank. It isn’t just the pallet industry feeling the labor pinch. In fact, the latest NAM Manufacturers Outlook Survey identified the inability to attract and retain employees as far and away,
With the economy slowing, the pallet price trends for 2023 have turned a page from the 2022 pallet price trends report. Last year, supply constraints and robust demand resulted in unprecedented pallet price increases. A year later, with rising interest rates, ongoing inflation, and a weakening economy, the picture
The worm has turned. It wasn’t long ago that customers were clamoring for 48×40” pallets. Demand spiked in the wake of COVID as buyers unleashed their pocketbooks, and supply chains boosted their ‘just-in-case’ safety stock. A lack of recycled pallet availability led to increased new pallet production. Likewise, shortages
Pallet prices should stabilize in 2023, with upward pressure in 2024 and beyond as the economy improves. While conditions have improved, pallet providers are weathering input prices overall and are still constrained by staffing shortages. Increased current availability has led to watchdogging on prices. Pallet buyers should be mindful
After the pallet industry’s historic run over the past few years, many companies are now catching their breath. During that extraordinary time, many pallet companies hit the wall. Equipment capacity and/or labor constraints limited their opportunity to take full advantage of the opportunity. Now, in a market that has
