Brambles Reports Higher Profits, Retailer Demand Drops, White-Wood Price Pressures Lowers Onboarding - Feb 28, 2024
Inventory optimization processes and destocking by retailers as well as an overall slowing of the economy in its two biggest markets (North America and Europe) has led to a massive inflow of pallet returns.; Iowa Fines Pallet Recycler for Large Pallet Stockpile: Up to 2 million wood pallets at a site south of Burlington that have languished for nearly two years and pose a fire risk for nearby residents.; Kamps Announces Executive Team Changes: Bernie Kamps, the company’s founder, is stepping down as CEO and will assume the role as the board’s executive chairman, serving in strategies capacities.; Recycle Bits: The U.S. Forest Service has launched a partnership that will estimate the carbon footprint of the wood products and forestry sectors. A worker was recently injured after being trapped under a stack of pallets that fell onto him at Ash Pallet Management in Antioch, Illinois.
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