Why the Price of Wooden Shipping Pallets Has Soared
Odd Lots
Bloomberg
4.4 • 1.6K Ratings
🗓️ 13 December 2021
⏱️ 56 minutes
🧾️ Download transcript
Summary
The humble wooden shipping pallet is probably not something that most people think about too much. But it's a huge deal. At Virginia Tech, there's a whole center that focuses on pallets and packaging. And like many other things right now, the price has surged, and now everyone is aware of them. So what caused the price to soar and when will things normalize? On this episode we speak with Marshall White, a Professor Emeritus at Virginia Tech, and the country's leading expert on the wooden pallets. We talked about the history of the industry, its market structure, and where things are heading
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| 0:54.4 | Hello and welcome to another episode of the Adlots podcast. I'm Tracy Alloway. |
| 1:00.0 | And I'm Joe. Why isn't all Joe? I am a I'm really excited about this episode. |
| 1:08.2 | I'm what are you always excited about episodes? Are we both always really excited about episodes? |
| 1:13.3 | Yes, they they're like my children and I love them all. But I have to say this one we've been |
| 1:20.7 | trying to set up for a while. And it fits very squarely into I made a pun. If it's very squarely |
| 1:28.8 | into our supply chain and logistics episodes from this year, we are going to be talking about |
| 1:35.7 | pallets. So those, you know, wouldn't create like things that you use to actually move goods around |
| 1:42.7 | the world. I'm very excited about this one. As you said, you know, we've been talking so much about |
| 1:48.6 | logistics and supply chains. Obviously, everybody knows that. But one of the things that sort of |
| 1:55.1 | makes the story fun or interesting is there is an infinite amount of depth. And so, you know, |
| 2:00.8 | it's like, okay, you talk about ships and then you talk about containers and then you talk about |
| 2:05.4 | warehouses and then you think like at warehouses, there's forklift operators and forklifts |
| 2:11.0 | lift up wooden things that are on wooden pallets and the supply chain for wooden pallets themselves. |
| 2:16.0 | As we know has been stressed, there's been a huge surge in the price of wooden pallets. |
| 2:20.7 | Availability is an issue. And as we know, for many of our episodes, all it takes is one little |
| 2:27.0 | thing to go missing and you can't sell it. So, you know, you're like, think about a house. |
| 2:30.7 | If you don't have faucets, you can't sell a house. You know, if you don't, if you have a shortage |
... |
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