Are you experiencing a shortage of warehouse space due to unused or damaged plastic pallets? Is your business looking for new ways to lower your supply chain costs? A pallet buyback program may be to your benefit! In the content below, we define pallet buyback programs, explore how they work, and discuss three benefits of enrolling in a plastic pallet buyback program.
What Is a Pallet Buyback Program?
A plastic pallet buyback program involves a supplier purchasing unused or damaged pallets from their customers. In the event that you purchased an excess of pallets or need to get rid of damaged pallets, a pallet buyback program allows you to earn back money while remaining environmentally conscious. Furthermore, a pallet buyback program helps lower the overall cost of plastic pallets!
How Does a Plastic Pallet Buyback Program Work?
Essentially, once a buyback program purchases unwanted or damaged pallets from a seller, they can do one of two things:
Option #1: Redistribute Slightly Blemished Pallets to Use for Their Full Potential
If a buyback program purchases used plastic pallets both in optimal condition or slightly blemished, they can simply clean the pallets for reuse and begin redistributing them to other buyers.
Option #2: Recycle Damaged and Unusable Pallets into New Plastic Pallets
However, in the event a buyback program purchases plastic pallets that are broken or otherwise unfit for immediate redistribution, they can recycle the materials to create a new pallet. Once recycled, the new plastic pallet will then return to distribution.
3 Benefits of a Pallet Buyback Program
In addition to earning back some money to reduce the overall cost of plastic pallets, pallet buyback programs offer multiple advantages to any size business and organization. Below, we explore the three main benefits of partnering with a plastic pallet buyback program.
#1. Lowers Supply Chain Costs
When exploring business investment options, do you consider the ROI of every purchase? While assessing how you ship and store your products, you may reflect on the large quantity of pallets needed to effectively operate your business. As one benefit to a pallet buyback program that helps your supply chain cost, you can lower your overall supply chain costs.
Especially for businesses seeking to convert from operating with wooden pallets to plastic pallets. A buyback program can apply the credit of the sale towards the cost of replacement plastic pallets. As a result, you can immediately lower supply chain costs.
#2. Increases Warehouse Storage Space
For businesses who have limited warehousing or storage space, it may seem impractical to store every plastic pallet you own. While you have the option to enroll in a pallet pooling program, doing so requires additional fees and expenses. Alternatively, you can increase warehouse space while selling your unused or unwanted pallets or receiving a credit on future pallet purchases!
To further optimize your warehouse storage space, you can utilize a pallet racking system in addition to partnering with a buyback program. Pallet racking systems allow you to maximize square footage with their ability to stack pallets on top of each other, utilizing available vertical storage. Depending on the height of your warehouse and weight of the products, you can go quite high and preserve large sections of space, multiplying storage abilities.
#3. Enhances Environmentally Friendly Operations
Contrary to popular belief that plastic products are less environmentally friendly than wood pallets, investing in plastic pallets can help the environment. When shipping products on wooden pallets on a continual basis, you wear down that material faster than with a plastic pallet.
On average, plastic pallets withstand up to 250 trips when properly taken care of. In contrast, wooden pallets typically last up to 6 trips on average and are easily susceptible to splitting, splintering, and snapping under too much weight. Once a wooden board or stringer is broken, it can’t be reused again at that size. This results in a lot of wood utilized to make pallets ending up in a land fill.
Additionally, the plastic pallet manufacturing process is far more sustainable than the wooden pallet process. After cutting down the adequate number of trees for lumber, the lumber then must be turned into wooden pallets. Raw lumber sometimes requires chemical treatment processing before it can be used for pallets that will transport food or pharmaceutical products.
This results in harming the environment if it is processed incorrectly or is improperly disposed of. However, plastic pallets can continually be recycled into new plastic pallets whereas broken wood pallets typically end up in the landfills when not recycled into kindling or mulch.
Start Your Pallet Buyback Program Today with Plastic Pallet Pros
Buying and selling plastic pallets does not have to be a stressful experience! At Plastic Pallet Pros, we are offering to buy back any of your damaged or “end of life” pallets. In return, we will apply the credit towards a purchase of replacement pallets. As a result, your participation in our buyback program ultimately lowers the overall cost of your new pallets purchased.
Our team is dedicated to finding affordable solutions for all your pallet transportation, buyback, and storage needs. Therefore, we will guide you through our current supply to see what we have readily available in our warehouse. Additionally, we will help you decide which pallets best support your industry needs.
Contact us today to see how we can begin a pallet buyback program with your business.