Insights

New and Recycled Pallets: GMA Grades, Current Considerations, and Determining Factors

For over a year now, COVID-19 has wreaked havoc on our economy and destabilized the structures that keep our nation afloat. The supply chain sphere has been no exception; indeed, it is perhaps the most heavily impacted industry yet. The demand for pallets reached an all-time high in 2020 as stay-at-home orders encouraged e-commerce and skyrocketed shipments of products like groceries, medical supplies, and cleaning products. Meanwhile, key interrelated industries dealt with blows of their own. What resulted was a perfect storm that made pallets scarce and their prices steep, where they continue to be to this day.

By |2021-05-25T14:29:52+00:00May 25th, 2021|Market Intelligence, Pallets|

The Current State of the Pallet Market: Factors, Influences, and Solutions

Nearly every product you see today, no matter where in the world you are, has been transported on a pallet at some point in their journey to the consumer. They are the indispensable backbone of the supply chain, carrying as much as 80% of U.S. commerce overall. The outbreak of COVID-19 brought with it massive demand shifts, resulting both from the sudden necessity of essential goods as well as increased interest in particular markets stemming from stay-at-home orders and work from home practices.

By |2021-04-08T18:35:46+00:00April 1st, 2021|Market Intelligence, Supply Chain|