JUNE 2023
daily, weekly or monthly forecast of pallet needs. The PalletTrader+ team would then do the blocking and tackling to execute that plan, coordinating and communicating regularly with the client to manage and address changing needs.
Vaccaro noted that the platform was initially built and launched as a comprehensive self-service tool, enabling the hundreds of mom-and-pop pallet depot operators, typically sellers of pallets, to digitally engage with a wide range of buyers and gain access to new buyers. This market segment had little to no access to ecommerce technology to streamline the buying and selling of pallets.
“Reaching the one million pallets transacted milestone in less than eight months, and successfully onboarding hundreds of pallet buyers and sellers during that time, far exceeded our expectations,” Vaccaro said. “As we got more feedback from users, it was clear that larger businesses were interested in a more robust offering, providing a planning and execution component that they could launch quickly, and leverage value from both enabling technology, and skilled personnel with deep market expertise. That’s what we’re providing with PalletTrader+.”
The other key “ask” that Vaccaro and his team received from corporate users, was for larger enterprises to have a credit option. In the current “do it yourself” model, buyers and sellers post, bid, negotiate, settle a sale and execute payment immediately as a single transaction.
With PalletTrader+, qualified corporate users gain access to a line of credit. Under this program, the platform captures and consolidates all pallet transaction activity. The system then sends a consolidated invoice capturing all activity during the designated period.
“This offering is good for any company that operates or is responsible for pallets at multiple locations and is especially ideal for those businesses that operate in both a company owned and outsourced warehouse co-pack network,” Vaccaro concluded.
For more information, visit www.pallettrader.com.