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November-December 2022

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22 PalletCentral • November-December 2022 palletcentral.com manner than if we were building everything solely here at our plant. We have been working on this model over the last year and a half, and it is working well for us. And because we are so aware of this issue, we have come up with equipment and controls, so our customers need fewer people. We have a pallet mill that will only need six people to run the mill instead of the 20+ they had before using some of our competitors' machines. We are continuing to innovate with this in mind. Data to watch? We mainly pay attention to what customers and vendors share with us, along with keeping up with what's happening in the world. Ronnie Barrett REGIONAL MANAGER PALLET SYSTEMS AND RECYCLING e Texas market has remained strong even through COVID and inflation. We see the market slowing some in 2023. With the historic Federal rate hikes in 2022, we see inflation slowing down. As the economy slows, we do not see a spike in wages in the future. Inflation will continue but at a slower pace. Rolling into 2023, we see headlines of Amazon, airlines, and railroad workers striking. We also have the second-largest economy in China still imposing COVID lockdowns. As long as unrest remains in the labor force, we expect to see continued supply chain disruptions in the future. With unemployment rates rising, the pool of eligible workers will increase, and the labor market will remain tight within the With the historic Federal rate hikes in 2022, we see inflation slowing down. – Ronnie Barrett, Regional Manager, Pallet Systems and Recycling

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