An image of the Brambles logo
A photograph of a moving forklift in a warehouse in front of pallets of stock

About Brambles

Brambles is a supply-chain logistics company operating in more than
60 countries, primarily through the
CHEP brand.

Brambles’ purpose is to connect people with life’s essentials, every day.
Through its ‘share and reuse’ model, Brambles moves more goods to more people in more places than any
other organisation.

What Brambles does:

As a pioneer of the sharing economy, Brambles is one of the world’s most sustainable logistics businesses.

Brambles’ platforms form the invisible backbone of global supply chains, primarily serving the fast‑moving consumer goods, fresh produce, beverage, retail and general manufacturing industries.

Its circular business model facilitates the ‘share and reuse’ of the world’s largest pool of reusable pallets and containers.

This enables Brambles to serve its customers while minimising impact on the environment and improving the efficiency and safety of supply chains around
the world.

The world’s largest brands trust Brambles to help them transport life’s essentials more efficiently, safely and sustainably.

How Brambles Creates Value

Brambles uses the power of its circular business model, network advantage and expertise to leverage the key capital inputs into its business to generate significant value for customers, shareholders and employees.

For customers, Brambles’ end-to-end supply chain solutions deliver operational, financial and environmental efficiencies not otherwise available through one-way, single-use alternatives.

For shareholders, Brambles delivers sustainable growth at returns well in excess of the cost of capital and seeks to generate sufficient cash flow through the cycle to fund dividends and support reinvestment in growth, innovation and the development of its people.

For employees, Brambles provides development and exciting career opportunities in approximately 60 countries. By fostering a culture of innovation and agility, Brambles seeks to attract and retain the talent which is integral to its success.

In a resource-constrained world, circular business models like that operated by Brambles are recognised as a practical business solution enabling the world to trade more responsibly. By regenerating what it extracts and by providing its products via a service, Brambles helps reduce both the constant pressure on natural resources and the waste production typical of conventional linear business models.

Brambles capitalises on its unique position in the supply chain to enable customer collaboration and address sustainable development challenges, such as optimising transport networks, addressing food waste and promoting sustainable use of the world’s forests.

In this way, Brambles strives to create a circular economy, on a global scale. Brambles has used the Integrated Reporting ‘capitals’ framework* to illustrate the interaction and interdependencies between its sources of value, business model and ability to create value over time. This framework provides an appropriate methodology to help entities understand both their sources of value including resource dependencies as well as the positive and negative impacts of their business model on all stakeholders.

* The International Integrated Reporting <IR> Framework. Integrated Reporting highlights the key resources and relationships used and affected by an organisation.

As at 30 June 2023, Brambles:

Operated in…




~353 million

pallets, crates and containers




Through a network of…


service centres

Our Brands and Operations...

Brambles operates primarily through the CHEP brand and manages its businesses within the following operating segments:

A photograph of the worldmap with highlighted locations of where Brambles as a company operates

The pallet and container pooling businesses in the Americas

The pallet and container pooling businesses in EMEA and the CHEP-branded RPC business in South Africa

The pallet and container pooling businesses in Asia-Pacific and the CHEP‑branded RPC business in Australia and
New Zealand

View our Countries of Operation

Operating Model

Brambles manages the world’s largest pool of reusable pallets, crates and containers. Through its inherently sustainable operating model, superior network advantage and industry expertise, Brambles leads the market in more efficient and sustainable supply chains.

Inherently Sustainable Operating Model

Brambles’ ‘share and reuse’ model follows the principles of the circular and sharing economies, creating more efficient supply chains by reducing operating costs and demand on natural resources. By promoting the ‘share and reuse’ of assets among multiple parties in the supply chain, Brambles offers customers a more efficient and sustainable alternative to the use of disposable single-use alternatives or managing their own proprietary platforms.

Network Advantage and Supply Chain Expertise

Brambles’ sustainable operating model is underpinned by its superior network advantage and industry-leading supply chain expertise, developed over 70 years of managing customers’ supply chains around the world. With operations in approximately 60 countries, Brambles’ network advantage comprises the scale and density of its service centre network and the strength of its customer relationships in every major market in which it operates. This means Brambles can be faster and more responsive to customers’ needs and in times of uncertainty and increased volatility, more resilient and more reliable.

Transformation to Strengthen Competitive Advantage

Through the Shaping Our Future transformation programme, Brambles is investing to build on its existing competitive advantage by enhancing operational efficiency and increasing the value created across its customers’ supply chains. Investments to build the 'Brambles of the Future' include developing new business capabilities and identifying new sources of growth that will allow the business to stay at the forefront of innovation.

Customer Value Proposition

Brambles’ pallets and containers form the invisible backbone of the global supply chain. This gives Brambles key insights that help customers meet evolving consumer demands while minimising their environmental impact, and improving the safety and efficiency of their supply chains.

With a comprehensive suite of supply chain solutions, Brambles provides its customers with operational, financial and environmental efficiencies not otherwise available through the use of single-use disposable alternatives and proprietary models.

Brambles is integral to customers’ supply chains, working closely with all participants including manufacturers, producers, growers and retailers. With end-to-end involvement, Brambles has clear insights into what impacts the safe, efficient and sustainable operation of global supply chains.

By leveraging these insights and its unmatched expertise, Brambles offers customers comprehensive solutions that improve the performance of the supply chain. This helps address the challenges associated with the increasing complexity and rapid evolution of modern supply chains.

Brambles offers customers the widest range of supply chain platforms including: pallets (timber and plastic); Reusable Plastic Crates (RPCs); bins; and specialised containers.

By eliminating the need for customers to purchase and manage their own platforms, Brambles reduces the capital requirements and complexity of customers’ operations while simultaneously reducing waste throughout their supply chains.

Brambles conducts in-depth studies of customers’ supply chains to map the flow of goods, information and platforms to identify the causes of network inefficiencies and product damage.

By determining the optimal mix of platforms and processes for customers’ individual supply chains, Brambles can mitigate network inefficiencies and ensure the safe and sustainable transportation of goods through the supply chain.

Brambles’ superior network scale provides a unique capability to coordinate collaboration between multiple supply chain participants to deliver transport efficiencies. This includes matching and eliminating empty transport lanes, sharing transport and contracting transport for and from customers.

Brambles works closely with its customers to develop retail store solution strategies and consumer-facing platforms that improve the efficiency of the shared supply chain by increasing sales at lower costs to the supplier, retailer and consumer.

These merchandising and fulfilment solutions, which include full size and fractional display pallets, trays and RPCs, effectively improve safety, and reduce the time, labour and activity required to move goods from the point of production to the point of sale.

Using its experience in managing platforms, optimising automated facilities and packaging performance testing, Brambles has developed solutions that improve the overall performance and efficiency of customers’ facilities. These solutions include: customising customers’ platform processes; optimising how customers configure, build and protect product loads; and providing higher quality platforms and engineering services to improve the performance of automated facilities.

Brambles’ leadership in sustainable sourcing of materials and strong governance controls reduce risk and provide customers with confidence in their supply chain partnership.

Brambles creates value for customers by providing a sustainable alternative to single-use disposable packaging, saving customers money and significantly reducing the environmental impact of their operations.

Brambles’ network resilience and its resource efficient, low‑carbon solutions means it has an important role in helping customers manage through supply chain disruptions while transitioning to a low-carbon economy.

Image of the Zero Waste World logo

Brambles’ Zero Waste World programme reinforces its commitment to collaborate with customers and create smarter and more sustainable supply chains – creating more value by using less and regenerating more resources. Brambles currently has 250 leading companies participating in its ZWW programme.

Through ZWW, Brambles seeks to use its unique position in the supply chain to help customers address three key
industry challenges:


Eliminating waste

by using its circular economy expertise to convert customers to more sustainable share and reuse solutions which save resources and reduce costs;


Eradicating empty transport miles

by using its network scale and visibility to facilitate collaborative transport solutions, bringing manufacturers and retailers together to reduce the environmental impact of their operations and save money; and


Reducing inefficiencies

by using its end-to-end supply chain solutions and BXB Digital technology to enhance customers’ visibility of their supply chains so they can make better decisions.

Shaping Our Future Transformation

Building from strong foundations, Brambles is accelerating the Shaping Our Future transformation programme to meet its strategic ambition of reinventing pooling solutions for the supply chains of tomorrow.

Brambles is taking a twin-track approach to unlock value for customers and shareholders: optimising the existing business as well as building the 'Brambles of the Future'. Progress of the specific Shaping Our Future programme initiatives and measures of success can be found on pages 12 and 13 of the 2022 Annual Report.

The goal for optimising the existing business is to deliver increased returns and fund investment in innovation through higher productivity, better ways of working, and improved capabilities. Building the 'Brambles of the Future' aims to create new business capabilities and identify new sources of growth. This will increase the resilience of Brambles’ business and the value it brings to fast-moving supply chains around the world.

Brambles seeks to:

  • Achieve and maintain the number one position in each region of operation;
  • Lead the industry in customer service, innovation and sustainability; and
  • Be an employer of choice through best-in-class safety, diversity and talent
    development programmes.

To deliver this strategy, Brambles has identified four focus areas which leverage the power of its circular ‘share and reuse’ model to deliver value for customers, employees and shareholders. These four focus areas are: Customer Value; Asset Efficiency and Network Productivity; Digital Transformation; and Business Excellence.


Brambles is committed to delivering unrivalled value and exceptional service to its customers.

Brambles works with its manufacturing customers and supply chain partners to enhance the reliability, efficiency and sustainability of end-to-end supply chains. COVID-19 has demonstrated how critical supply chains are to customers and wider stakeholders. Brambles is committed to improving the customer experience further through simpler processes, additional services and enhanced platform quality.

Read more

Digital Transformation

Brambles is investing to transform information and digital insights into new sources of value for itself and for its customers.

Brambles sees data and technology as core strengths and sources of future competitive advantage. The Group’s Digital and Data team brings together its in-house technology hub, BXB Digital, with business capabilities to translate technology into business outcomes. Brambles’ goal is to combine supply chain data, physical assets and domain expertise to create distinctive new capabilities as well as supporting the delivery of the other strategic themes.

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Asset Efficiency
and Network Productivity

Brambles constantly seeks to improve the productivity and sustainability of its assets and operations.

Brambles constantly seeks to improve the productivity and sustainability of its assets and operations. Brambles works with its customers and partners to align physical networks and working practices in order to improve asset utilisation, reduce equipment loss and lower equipment damage rates. Ongoing programmes of automation and process standardisation enhance the efficiency and resilience of Brambles’ operations, allowing the Group to transfer best practices from one market to another.

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Business Excellence

Brambles is reinventing its organisation, technology and processes to be simpler, more effective and more efficient.

The Group is committed to fostering a culture of agility, innovation and continuous improvement, underpinned by the required processes and systems. Successfully attracting, retaining and empowering high calibre people is integral to Brambles’ ongoing success and will become increasingly important as new skills are required in areas such as digital services, advanced analytics and automated supply chains.

Read more

Strategic Priorities

Brambles is committed to being the global leader in platform pooling solutions and insight-based solutions to fast-moving supply chains.

Brambles seeks to:

Achieve and maintain number one positions in each region of operation; Lead the industry in customer service, innovation and sustainability; and Be an employer of choice through best-in-class safety, diversity and talent development programmes.

Brambles’ five strategic priorities guide decision making across the Group and are integral to the delivery of superior value for customers, shareholders and employees over the long term.

Brambles’ network advantage, comprising the scale and density of its customer and service centre network and its industry-leading asset management expertise, is a critical element of the Group’s value proposition for both customers and investors.

Brambles continues to deepen its network advantage by growing in core businesses and rapidly scaling in newer markets. The increasing importance of sustainability in end-to-end supply chains further increases the value of Brambles’ service offering to its customers.

Brambles is committed to improving the customer experience further through simpler processes, additional services and enhanced platform quality.

Brambles seeks to offset the impact of cost inflation and competitive price pressures through efficiencies in areas such as procurement, plant automation and transport optimisation.

With a more focused portfolio there are increased opportunities to share best practices and simplify processes across the Group to build a leaner, more collaborative and effective organisation.

Brambles allocates capital in a disciplined manner to maintain and grow its existing businesses, to drive innovation and to manage its portfolio of products and services. The Group pursues a focused strategy in relation to mergers and acquisitions.

A key strategic objective for the Group is to deliver strong and sustainable cash generation. Brambles aims to achieve this through an increased focus on improving asset utilisation, reducing equipment loss and lowering equipment damage rates.

Brambles is committed to developing and maintaining an innovative portfolio of products and services to meet the evolving needs of current and future customers.

Brambles is constantly innovating in new materials and platforms that enable its customers to increase sales, gain greater market insights and improve operational efficiencies in a changing retail landscape.

Alongside innovation in physical products, Brambles is investing to transform information and digital insights into new sources of value for itself and for its customers. Brambles sees data and technology as core strengths and sources of future competitive advantage.

Successfully attracting and retaining high calibre people is integral to Brambles’ ongoing success and will become increasingly important as new skills are required in areas such as digital services and automated supply chains. Brambles’ key priorities for its employees are safety, engagement and capability-building. The Group is committed to fostering a culture of agility, innovation and continuous improvement.

Investor Value Proposition

Brambles generates value through a circular ‘share and reuse’ model that leverages its scale, density and expertise to achieve superior operational efficiencies.

These efficiencies in turn generate cash flow that can either be returned to shareholders or reinvested in the business to fund growth and to optimise and transform its operations to build a more resilient business.

The investor value proposition infographic

Long-Term Value Creation and Sustainable Shareholder Returns

Brambles shares the efficiencies generated by its scale, density and expertise with its customers, providing a compelling value proposition compared to alternatives. By providing customers with supply chain solutions in approximately 60 countries, Brambles offers shareholders exposure to geographically diversified earning streams, primarily from the global consumer staples sector.

The supply chains served by Brambles also provide a broad range of growth opportunities including: increasing penetration of core equipment-pooling products and services in existing markets; diversifying the range of products and services; exploring the digitisation of supply chains; and providing a resilient foundation during supply chain uncertainties.

Within this context, Brambles is committed to striking the right balance between growing its business and delivering sustainable shareholder returns over the long term. By focusing on its core drivers of value, Brambles expects to deliver:

Sustainable growth at returns well in excess of the cost of capital

  • Sales revenue growth2 in the mid-single digits;
  • Underlying Profit growth2 in excess of sales revenue growth through the cycle; and
  • Strong Return on Capital Invested.

2At constant-currency.

Cash generation to fund growth, innovation and shareholder returns

  • Free Cash Flow sufficient to fully fund capital expenditure
    and dividends.

Dividend Policy and Payment

Brambles’ dividend policy is to target a payout ratio of 45–60% of Underlying Profit after finance costs and tax, subject to Brambles’ cash requirements, with the dividend per share declared in US cents and converted and paid in Australian cents.

This year, the Board declared total dividends of 22.75 US cents per share with the Australian dollar payment equivalent to
32.31 Australian cents per share. This results in a payout ratio for the Year of 53%, broadly in line with the prior year’s payout ratio. FY21 total dividends were 20.5 US cents per share or equivalent to 27.32 Australian cents per share.

The final dividend for 2022 of 12.00 US cents per share is an 12% increase on the 2022 interim dividend of 10.75 US cents per share, and will be 35% franked. This dividend is payable in Australian dollars at 17.25 Australian cents per share. This represents an increase of 21% compared with the 2021 final dividend in Australian cents per share and reflects both earnings growth and reduction of shares on issue. The 2022 final dividend will be paid on 13 October 2022 to shareholders on the Brambles register at 5.00pm on
8 September 2022. The ex-dividend date is 7 September 2022.

Capital Management Programme

In FY19, Brambles announced that it intended to use the US$2.4 billion net proceeds from the divestment of the IFCO RPC business to pay down proportionate debt and fund a A$2.8 billion (US$1.95 billion) capital management programme.

The capital management programme comprised an on-market share buy-back of up to A$2.4 billion (US$1.67 billion) and a
A$0.4 billion (US$0.3 billion) pro-rata return of cash, equivalent to 29.0 AU cents per share.

The on-market share buy-back announced on 25 February 2019 was completed on 15 June 2022 with a total of 216.5 million ordinary shares purchased and cancelled.

Dividend Reinvestment Plan

Following the completion of the on-market share buy‑back programme, the Board is reinstating the DRP on a non‑underwritten basis. Shares under the DRP will not attract a discount and the dilutive impact on earnings per share of the DRP will be neutralised. Eligible shareholders wishing to participate in the DRP should confirm their election status before 5pm Sydney time on
Friday 9 September 2022 with Brambles Limited's Share Registrar, Boardroom Pty Limited.

Sales Revenue


Up 14% at constant currency

Underlying Profit


Up 19% at constant currency

Return on Capital Invested


Up 0.5 percentage points at
constant currency

Cash Flow from Operations


Up US$398.0m

Total Dividends

26.25 US cents
per share

Final dividend of 14.00 US cents
per share

Brambles Injury Frequency Rate (BIFR)


Down from 4.1 in FY22