Pallets Market Procurement Intelligence Report | Supply Assurance Is Imperative for Buyers to Avoid Disruption in Their Supply Chain | SpendEdge
LONDON--(BUSINESS WIRE)--Jan 30, 2020--
SpendEdge has been monitoring the global pallets market and the market is poised to experience spend growth of nearly USD 20 billion between 2019-2024 at a CAGR of more than 6% during the forecast period. Request Free Sample Pages.
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Read the 123-page research report with TOC and LOE on “The Global Pallets Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, top suppliers, supplier selection and negotiation strategies, and insights into best practices to optimize procurement spend.”
The growing stringency of protocols pertaining to food safety and reusability is driving buyers to use material handling options that are sustainable. This is resulting in the demand growth in the pallets market mainly from end-user industries, including food and beverage, pharmaceutical, and groceries. Corrugated pallets are observing a substantial increase in their demand owing to their beneficial characteristics such as low weight and easy-to-recycle quality. These pallets are also known to prevent food from infestation and contamination.
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Insights into the supply market
Insights into category management strategies that will help buyers to achieve a beneficial partnership with suppliers in the pallets market
Gaining supply assurance
Suppliers are known to adopt preventive maintenance initiatives that enable them to assure buyers a steady supply source. Engagement with such suppliers will help buyers save about 9% of their overall operations costs in the pallets market.
Engage with vertically integrated suppliers
Buyers are advised to engage with vertically integrated suppliers that refer to vendors who perform logging, own sawmills, and provide logistics support. Such a strategic engagement will not only help buyers limit costs associated with vendor and contract management but also reduce their supply chain risks and ensure an uninterrupted supply of pallets by suppliers.
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INDUSTRY KEYWORD: PHARMACEUTICAL HEALTH OTHER TRANSPORT SUPPLY CHAIN MANAGEMENT FOOD/BEVERAGE LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT RETAIL
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