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Customer savings from iGPS’ RFID-enabled pallets approach $68M

Customers of Intelligent Global Pooling Systems (iGPS), operators of the first pallet rental service providing all-plastic pallets with embedded RFID tags, have saved nearly $68 million by switching from wood to iGPS’ lightweight plastic pallets, according to the firm’s web site.

iGPS now runs a running tally of its customer’s savings on its home page.

The savings have come from a variety of sources, mostly the lighter weight of iGPS pallets (48 pounds versus wood pallet’s 75-80 pounds), allowing customers save on transport costs immediately.

“Production line shutdowns caused by nails and splintered wood that jam equipment are a thing of the past, as are warehouse floors littered with wood shards and nails,” says Bob Moore, iGPS Chairman and CEO.  “Further, unlike wood pallets that warp and shrink, we provide a consistently true 48-inch by 40-inch platform that can hold more products per load.  And since iGPS pallets are easily scanned as they depart facilities, there are no year-end surprises in the form of questionable lost equipment charges.”

Four embedded RFID tags in each pallet enable shippers and receivers to track shipments throughout the supply chain and locate products in the event of a recall.  

iGPS’ pallet provides shippers and receivers with measurable sustainability benefits as well.  An independent life cycle analysis has documented that iGPS pallets are dramatically better for the environment than both one-way and multi-use wood pallets on every commonly-measured metric, including global warming, ozone layer depletion and ecotoxicity.  Over the course of five years, iGPS customers have cumulatively prevented the destruction of over 600,000 trees, saved 635,000 gallons of fuel and saved nearly 14 million pounds of greenhouse gas emissions.

“We not only provide our customers with the world’s most advanced pallet, delivered in excellent condition, but also a platform that delivers immediate and measurable savings that go right to customers’ bottom lines,” says Moore.  “These savings — up to $2 per pallet load — have been documented through rigorous operational studies by our customers, many of the world’s leading companies.”

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