18 WESTERN PALLET
•Historic lumber and core pricing.
•Shortages for major pallet poolers send ag sector scurrying for pallets.
•Severe labor shortages and skyrocketing labor rates.
•Distribution centers hold more pallet stock, release less onto open market.
•Sharp rise for pallet demand, sustained into 2022 (particularly for used pallets)
•Major consolidation trend in the recycled industry hits into high gear.
•Recyclers turn to combos and recycled lumber for material supply.
•More COVID strains and disruptions… Government Regulation Uncertainty!
•Severe nail, supply and transportation shortages.
•Historic inflation.
insurance broker can help fund the succession through life insurance. Insurance can provide funding to pay someone out in the case of death.
Other policies address key person insurance and disability insurance. Key person insurance covers the expense of bringing in a replacement and the loss of revenue until they get up to speed. Disability insurance covers the disabled employee so that the company is not faced with paying wages to the disabled employee as well as the replacement that would have to be hired.
Lots of insights were shared in the Master Learning Group. Be sure to attend the upcoming MLG on Employee Discipline/Manager-Supervisor Training, scheduled for August 25. Register here.
Succession Planning MLG
Cont'd from Page 15
The CWPCA is pleased to announce that Vic Ulgiati of Weston Forest Products has been elected as the President of the Canadian Wood Pallet and Container Association for the term 2022-2024. Vic has been a Director of the CWPCA since 2008 and has been very involved in the Special Events, Nominations and Executive Committee during his 14 years.
"We look forward to having Vic in the President's role for the next two years and working with him to continue to build on our relations with the CWPCA members, and our sister organizations," CWPCA said in a statement. "We would
also like to thank Sukhi Brar, The
Vic Ulgiati
Advance Group, the outgoing President, for his leadership during the past three years."
CWPCA Elects New President