In last week’s blog, we examined the causes and impacts of the labor shortage on the supply chain. As we know, there are a number of reasons for the impending labor shortage, including changing demographics, skill sets and unemployment benefits. There are also a number of ways that companies can mitigate the labor shortage’s effects on their business’s bottom line.
The driver shortage has been a well-publicized problem in the logistics industry for a long time now. However, it is not the only issue affecting the supply chain. Warehouses, manufacturing plants, factories, retailers and more companies throughout the entire supply chain are seeing a labor shortage. Combined with the record-setting freight increases and capacity issues, the supply chain is suffering widespread negative effects.
