The economy, labor market, and supply chain—oh, my! It’s been a roller coaster ride for all three systems these past few years. But our CEO keeps a close watch on each to help our business and our customers stay ahead.
CEO Mia Allen spoke with Pallet Central magazine, the journal for the solid wood packaging industry published by the National Wooden Pallet and Container Association, for an article entitled “Forward Thinking” which profiles thought leaders and documents their insight on what factors will affect the pallet industry in 2023.
Here is an excerpt from that article:
Allen: Rose Pallet predicts that volumes across all industries will slow moderately. Our company does not view this as a recession but rather a slowdown after a long streak of growth. We are already seeing supply increasing, and it will not surprise us if supply outpaces demand in many industries over the next six months. If that happens, costs may come down—but so will company profits.
Allen: We anticipate more stable ranges for most wood species and normalized supply, except during the typical seasonal rush.
If there are no health disruptions, we expect to see an increase in available workers, especially since there will be layoffs in some mid-tier wage jobs.
Overall, Rose Pallet believes there will be a decrease in demand for pallets by as much as twenty percent while supply of recycled and recovered pallets may increase. We have also heard form our larger accounts that they are tightening loopholes in closed-cycle manufacturing, which means the number of usage turns will increase.
To reach the full article, including others’ viewpoints, please click here.
Whatever 2023 brings, however, Rose Pallet is ready. It’s one of the positive outcomes from experiencing several years of uncertainty. Our business has learned and grown so that we are uniquely positioned to easily adapt and overcome challenges.
If you need assistance with pallet management or simply good, old-fashioned advice, you’ve come to the right place. Please contact the pros at Rose Pallet; we’re prepared to help you for the long haul.
Feb 28, 2024
Amy Olson
What do the nation’s leading retailers, beverage distribution companies, and furniture stores have in common? They are all known for their commitment to sustainability and recycling. Want to join them? Start with your pallet supply…
continue reading double_arrow
Jan 12, 2022
Amy Olson
According to a recent industry survey conducted by Modern Materials Handling, pallet buyers are increasingly looking to providers for information or data to help guide pallet decisions. That’s why Rose Pallet is active and involved in a variety of industry trade groups.
continue reading double_arrow
Request Estimate
