I’ve been cautioning readers to take more inventory on deicing materials as a precautionary measure to avoid potential problems with availability in times of shortages. What I had failed to consider was the impact on other sectors that spill over into the deicing world, such as packaging materials such as bags, weather-proof covers, wooden pallets, etc.
Pallets Pallet costs have risen over 50% in the past two months, according to a recent report in the Detroit News (CLICK HERE). We’ve all heard about the lumber problems and skyrocketing costs, in many cases ten times above average. Now, this spills over to wooden pallets, with used pallets costing the same as new pallets cost six months ago. For example, a $9 used pallet is now has a price tag of around $15.
There are many things that are hard to anticipate, but we know that prices are going up on both bulk and packaged ice melt products this coming winter season without question. Be careful to check your costs and get them confirmed as you commit your respective businesses to snow removal contracts for the coming season. I predict no component of the professional snow and ice management market will escape these price increases.