Against a backdrop of ongoing supply chain concerns, a key but often overlooked aspect is the cost and availability of wooden pallets, the price of which has shot up during the pandemic and is driving up prices for consumers. Market data shows that prices have increased by up to 60 percent, creating unexpected challenges for industries and undesired consequences for consumers. Dominick Davi, President of Greenway Products and Services, one of the largest suppliers of wooden pallets in the mid-Atlantic region, told Fox Business that he’s “never seen anything like this at all” after 25 years in the wooden pallet industry. “Ninety percent of everything in the United States is shipped on a pallet … it’s a very integral part of the whole entire supply chain,” he said on Tuesday. Davi told Fox that before the pandemic, the wooden pallets cost approximately $12. Now the price has risen to $21 …
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