iGPS Customers Saved Nearly $68 Million by Switching From Wood Pallets to iGPS' All-Plastic Pallets With Embedded RFID Tags

New web site counter displays running total of operational savings driven by lower transport costs, reduced production downtime, less product damage and fewer rejected loads

Oct 11, 2010, 11:12 ET from Intelligent Global Pooling Systems

ORLANDO, Fla., Oct. 11 /PRNewswire/ -- Intelligent Global Pooling Systems (iGPS Company, LLC), operator of the world's first pallet rental service providing all-plastic pallets with embedded radio frequency identification (RFID) tags, announced today that its customers have saved nearly $68 million by switching from wood to iGPS' innovative, lightweight plastic pallets.  These savings continue to rise every day, as displayed in the running total presented on the iGPS home page (www.igps.net).

"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," said Bob Moore, iGPS Chairman and CEO.  "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."

"Thanks to the lighter weight of our pallet (48 pounds versus wood pallet's 75-80 pounds), our customers save on transport costs immediately," Moore said.  "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.  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.'  The good news is that our solution can be implemented quickly, without any disruption to continuing operations."

Aside from providing proven operational savings, iGPS is setting a new standard in pallet hygiene, as its pallets are easily cleaned, do not absorb fluids that can cross-contaminate food and never require treatment with toxic pesticides or fungicides.  In fact, iGPS' pallet is the world's only rental pallet to receive Food Equipment Certification from NSF International, the foremost testing and certification authority with respect to food-related equipment.  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.

About iGPS

iGPS operates the world's first pallet rental service providing shippers and receivers with lightweight, 100 percent recyclable all-plastic pallets with embedded RFID tags.  Its highly engineered platform—the world's most advanced shipping pallet—is rapidly replacing wood as the platform of choice among the world's most innovative companies.  Businesses that switch from wood pallets to iGPS realize game-changing savings—as much as $2 per unitized load—thanks to lower transport costs, reduced production downtime, reduced product damage and fewer rejected loads.  iGPS' pallet is also a major advance in supply chain hygiene—a platform that is easily cleaned, will not absorb fluids that can lead to contamination and never requires treatment with toxic pesticides and fungicides.  An independent life cycle analysis has documented that iGPS' solution is dramatically better for the environment than both one-way and multiuse wood pallets.  Launched in March 2006, the company has created nearly 2,000 new green jobs in the U.S. and is led by pallet and supply chain veterans with decades of experience.  iGPS (www.igps.net) is headquartered in Orlando, FL and operates its state-of-the-art National Sales and Innovation Center in Northwest Arkansas.

SOURCE Intelligent Global Pooling Systems



RELATED LINKS

http://www.igps.net