In the past year and a half the logistics & supply chain industry has seen a dramatic impact on the global supply chain. Early on we witnessed toilet paper & cleaning shortages first which have transformed today into other shortages from cardboard, computer chips & lumber.
While this past year has brought an increased risk of inflation it's also dramatically increased the opportunities and wages in the industry as driver shortages and the need for warehouse & skilled manufacturing labor has risen dramatically. In this episode of Logical Logistics, we explore some of the current changes in the industry and look at the expanding opportunities for young people.
Inflation has been a growing concern that has been affecting the industry in the form of rising fuel and manufacturing costs that's causing a rise in prices across all industries.
Rising costs are coinciding with shipping and truckload demands increasing due to pent up demand from easing Covid restrictions. With many people working from home over the last year, demand in most sectors has increased dramatically. This is now especially true for an increasing variety of building materials as early on more and more people were remodeling their homes but also because many manufacturers slowed their operations due to the Coronavirus.
This increased demand is also leading to trained driver shortages. Wages for CDL holders and those with special certifications like Hazmat is dramatically increasing with this demand.
While the same can't be said of all industries across the board, limited operations sent ripples across the supply chain industry creating bottlenecks leaving businesses needing new & more reliable manufacturers & shipping carriers to stay supplied & deliver to their customers.
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All around the world, technology is advancing at a rapid rate. As sustainability is becoming a prominent issue, much of this new logistics technology is aiming towards creating a green sustainable future for the logistics industry.
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What will the world look like after the pandemic has passed? It’s hard to determine how COVID-19 has changed us and what “normal” will look like once quarantines and lockdowns are over. In this atmosphere of uncertainty, making big decisions like starting a new business may feel exceptionally daunting. Long-time entrepreneurs have been forced to make changes and grapple with unexpected challenges. New company owners entering the field will have to deal with these same issues — on top of the strain of learning the ropes. This doesn’t mean it’s a bad time to start a business, however. You just have to do so with the needs of an evolving market in mind.
Freight forwarding services are among the most essential part of any supply chain and ensures everything from raw materials to finished products get where they need to be regardless of where they're manufactured. Freight forwarders are the intermediary between businesses domestically and globally and experienced freight forwarders know how how to mitigate the effects of unforeseen problems while ensuring all applicable customs, declarations, and local regulations are adhered to.
We offer Warehousing, Transportation Shipping and Logistics services to over 150+ countries to quick your shipments on time, very time.
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