Chanticleer
Brambles changes tack on plastic pallets
Supply chain solutions company Brambles has made an important change to the return on capital required from any new investment in plastic pallets in the US.
The March-quarter update from global supply chain logistics group Brambles was just the tonic needed for a stock weighed down by concerns of a possible $950 million unsustainable expansion in the United States.
Chief executive Graham Chipchase sent a strong message to the market that he would not proceed with the costly move into plastic pallets for Costco unless the deal jumped a significantly higher hurdle for return on capital.
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