Navigate The Current Pallet Market – Malaysia
The pallet market continues to see a shortage of wooden pallets as society reopens. This is causing longer lead times and a delay in supply.
MYPALLETMARKET, your pallet experts has identified three key initiatives that your company can take to mitigate the impact of the current pallet market.
The Importance of Pallets in Shipping
Shipping is a vital part of life without pallets. They are an essential part of shipping. Pallets are essential for efficiently shipping large quantities of products.
The pallet industry is known for using the slogan “Pallets Move the World”. Now we are seeing how true this statement is. We can see that delays in various industries can be attributed to a lack of pallet inventory.
Factors Influencing the Pallet Market
Six key factors are currently influencing the market 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 key factors all work together to influence pallet pricing and lead time across the board. They also increase demand for recycle wooden pallets, which are often viewed as a cost-effective option.
This has the effect of reducing the availability of recycled pallets on the national market. We are now seeing the market “full circle” for recycle pallet. This is because demand has outstripped supply, which in turn means that pallet recyclers have to pay more for these pallets (cores).
These are our top recommendations for navigating the Pallet Market
A Reliable National Pallet Recycling Company is a good choice
The best thing you can do in current and future market conditions, is to make sure you are aligned with your suppliers and source pallets from a trusted national pallet recycler.
Although it is not guaranteed that you will be safe from all market conditions, having a trusted pallet recycler at your side can help minimize the impact market conditions have on your supply chain.
MYPALLETMARKET is a trusted pallet recycler in the malaysia and has been focusing on “customer-first” for many decades. These include customer-first inventory allocation, industry-leading forecasting and reporting.
Also Read : Recycle Wooden Pallets are Good for the Environment
Plan Ahead & Communicate
It is crucial to maintain a good relationship with your pallet recycler/supplier in order to protect your supply chain.
Due to current market conditions, lead time will be longer. Pallet companies can communicate and forecast your demand better to ensure that your orders are fulfilled promptly.
It is important to communicate with your customers in a professional manner. It is important to communicate with your customers about the possibility that products arrive on unusual pallets.
Innovative Solutions
Innovative solutions, such as shipping pallets with an unusual size or composition, may be a quick-term solution to current market conditions.
You can also look at new pallet programs, consolidating your pallet operations under one organization, and this could be a long-term solution.
MYPALLETMARKET’s on-site and repair-and-return programs, for example, optimize how many pallets your company re-uses. These programs are tailored to your specific needs, depending on where you are located and the supply chain. This can reduce the time it takes to fulfill orders. MYPALLETMARKET is one of the malaysia wooden pallet recycling services company. They also have access vast resources that can mitigate the impact of inventory shortages.
Wooden Pallet Supplier Malaysia
Are you looking good and eco friendly Wooden Pallet Supplier Malaysia. MYPALLETMARKET has 25 years of pallet business experience. MYPALLETMARKET are No.1 Pallet Manufacturer In Malaysia .
MYPALLETMARKET almost cover whole Malaysia & Singapore. So as long as you need pallet product or standard pallet size. Please contact us . MYPALLETMARKET promise to give you the best Price & Service.
Get The Best Wooden Pallet for sale Quote From MYPALLETMARKET Now !
