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to be less conservative, and to build the new plant even bigger.
“I think one of the things that we need to do is not only build for the next two years, but for next five or 10 years,” he said, so they can take advantage of the changing supply chain.
Industry consolidation
Pallet industry consolidation has been ongoing, and continuing to bring change to the industry. It is a time where you need to be thinking strategically about relationships,” Brindley said.
“Now, I don't think that every company is listening and needs to run for the hills or sell out,” he continued. “I think there's going to be plenty of room for a lot of people.”
Brindley emphasized the importance for every company to be in a position to attractive to a potential sales partner if they desire to sell the company in the future. The leadership team, workforce, accounting and processes should be in good order. Have you purchased the right equipment and the right debt ratio, he asked rhetorically.
Brindley also touched on ESG considerations, ergonomics, business strategy and much more. To find out more insights, check out Pallet Enterprise Magazine, and be sure to attend our WPA online events.
Watch for the upcoming Master Learning Group on Women in the Pallet Industry, to be held on November 10. Visit www.westernpallet.org to find out more.