The past year has presented many challenges in the supply chain. A boom in e-commerce, unemployment fluctuation, labor participation, and commodity prices have contributed heavily to the volatility of the economy.
Recent posts by Matt Horine
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Topics: Workforce Innovation Megatrends
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Operations leaders know what a great economy can mean for their business – expansion opportunities, bringing in more orders, engaging new projects, and building a lasting model for unexpected variations in future economic climates.
Topics: On-Demand Labor
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A BOOMING ECONOMY AND SEASONAL LABOR
The US economy continues to roar – unemployment, currently at 3.9%, is at a 15-year low. Strong performance from the retail sector indicates a surge in an industry that’s had a tough decade – with some commenting that retail is entering a “renaissance” era. As consumers continue to be optimistic (a 17-year high), logistics and distribution companies will face constraints that have not been present in the market for more than a decade.
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The US economy is currently experiencing larger growth than it has seen in a long time – the unemployment rate is 4.1%, Q1 US GDP is expected to hit 3%, and consumer confidence has reached the highest levels in 14 years.