Early in my career, I was introduced to the CEO of the company that had just hired me to help make plastic pallets. "Mr. Leo" as he was affectionately called, shook my hand and welcomed me to the team. To help me get my head around what I had just gotten myself into, Mr. Leo said, "Our pallets cost a lot of money. But remember. They are the cheapest product out there!"
We were manufacturing a heavy-duty, virgin material plastic pallet designed to last for many years. We were up against products that cost considerably less at the time. So how did we justify what amounted to a capital investment, when the market was full of pallets that were treated as an expense item?
Let's look at two examples of savings:
The obvious savings are glaring. Learn more subtle ways that better pallets can save you money in my next post: Hidden Costs of your CHEAP Pallets.
Need advice on how to manage a closed loop pool of durable pallets? Ask a pallet professional or post your questions here.
Post by: Hartson Poland, Business Development - Plastic
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