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.
He emphasized the importance of policy review, especially in the current environment of high inflation, making assets more and more costly to replace. Have a complete description of all machinery, including make, model, and serial number, as well as sales or lease documents, Walker suggested. They can be stored in a fire safe in your office. If it is stored on an office computer, he recommended having a backup on the Internet.
Anyone requiring additional information can contact Brint Walker (805) 642-5290 (office) or cell at (805) 427-5720.
Coastal States Insurance offers an initial and ongoing safety assessment that includes a review of the safety manual and a safety “walk thru” of the facility. “This is something we do for our clients free of charge as part of our services,” he said.