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Procurement Market Intelligence Report

Wood Pallets
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Wood Pallets?

What is the average price of Wood Pallets?

This procurement report includes pricing information to help you purchase Wood Pallets. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Wood Pallets been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Wood Pallets yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Wood Pallets?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Wood Pallets with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

The top four vendors of wood pallets account for less than 30.0% of total market revenue in 2021, signifying a low degree of market share concentration. There are an estimated 3,450 suppliers operating in the United States, most of which have only one establishment and account for a small portion... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Buyer Satisfaction

What communication methods have you established to ensure buyer satisfaction during the product life cycle?

How available are you in case customers need assistance with particular issues that might arise?

What are your standard service procedures in the event of products that do not meet buyer requirements?

Have you had any major complaints from past customers associated with product quality or delivery? How have you dealt with their issues?

What operations have you established to manage or maintain pallets that have been used or damaged from multiple shipments?

Relevant Experience

What procedures have you implemented to establish adequate knowledge of the issues relating to pallet compatibility with my products?

What past experience do you have in developing pallets similar to my requirements?

In what ways have you stayed up to date with the current needs of and changes in my industry?

How often have you engaged with companies from my industry?

What problems have you faced with designing products similar to my needs, and how have you dealt with them?

Regulatory Compliance

How do you manage regulatory change?

How has regulation of the food industry's pallet usage affected your pricing and operations?

In what ways have you invested in more environmentally friendly solutions for product development and wood treatment?

Do you have a dedicated regulations specialist at your firm?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain when and how many payments will be made.

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for each order.

Selection Criteria

Buyers should evaluate the experience of the supplier.

Buyers should make sure the provider offers appropriate types of wood pallets with the appropriate dimensions and durability.

Buyers should evaluate suppliers based on the estimated costs of the units they are offering.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date when proposals are due and when award information will be available.

Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a moderate level of supply chain risk in the wood pallet market, which harms buyer power by increasing the risk of product discontinuity and price spikes. Vendors depend on wood producers and sawmills as well as resin manufacturers and hardware wholesalers for inputs. Resin manufacturers depend on petroleum... Subscribe to learn more.