24 WESTERN PALLET
EPAL pallet brings for companies during its nine-year average life: compared to an investment of only 12.5 Euro (9 Euro to purchase and 3.5 to repair) more than 1,200 Euro in logistics costs are avoided – 100 times the investment itself.”
The implication here is that extrapolated out across the globe, the contribution of the humble pallet to a global circular economy would work out at tens of billions of Euros.
The report also looks at specific supply chain scenarios including loading, storage, product integrity (reduction of damage) and health and safety of workers involved in the handling of products in the supply chain.
In this latter category, given the number of households in Italy – 25 million – the financial benefit of reduced ‘occupational diseases’ – which factors in an average of 21 days off work and hospitalization costs – results in each family in Italy being 100 Euro better off each year.
In terms of vehicle loading, it takes 1.2 minutes to load a pallet on a vehicle and 40 minutes for the entire truck, compared to 495 minutes, or eight hours, if the consignments had to be loaded manually.
The bottom line is that a world without pallets would translate into slower, more inefficient supply chains.
Morgan Stanley Infra Invests $24 Million in LEAP India
Mumbai – According to reports, Morgan Stanley India Infrastructure has invested Rs 180 crore (USD 24.7 million) to acquire a stake in LEAP India.
Founded in 2013, LEAP India is an asset pooling company dedicated to providing dependable and cost-effective solutions to supply chains across India.
The company has an asset pool of approx 4 million units, including pallets, foldable large containers (FLC), crates, and utility boxes. LEAP, which provides these assets on lease and helps in integrating the supply chain across suppliers, manufacturers, 3PL service providers, and retailers, has a large footprint in India catering to over 600 customers and more than 7,000 touch-points from a pan-India network of 18 warehouses.
Read more.
A World Without Pallets, cont'd from Page 23.