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American truckers have, for too long, had to handle crumbling infrastructure while working tirelessly to complete their routes. In November, the White House and Congress finally took action to rectify these conditions by signing the mega-bill Infrastructure Investment and Jobs Act (IIJA) into law. The new bill, which could represent the largest investment in US infrastructure since the 1970s, may prove to be just what the industry needs. The Covid-19 pandemic sidelined many industries—but some, like the trucking industry, simply didn’t have the option to take a break. Traveling hundreds of...
Article | 5 min. |
The recently passed Infrastructure Investment and Jobs Act (IIJA) has brought a sigh of relief to anyone involved in the construction industry. Over the last two year, this industry has been plagued by Covid strains, labor shortages, and a turbulent geopolitical landscape—all of which leave their mark and marring growth within the sector. Read more here as we discuss in detail the outlook for this industry. The world-changing events between 2020 and 2022 left their mark on every industry, construction included. Emerging Covid strains stunted new projects, labor shortages hindered ongoing ones...
When it comes to supply chain sourcing, the goal is to move products as quickly and efficiently as possible. Reevaluating current supply chain trends creates a domino effect for business owners. They'll need to adjust cash flow, cash reserves, and their overall balance sheet to accommodate increased fees Jump To... The eCommerce Boom | The Great Resignation | The Trucking Industry | Supply Chain Risk Categories | Supply Chain Mapping | Risk Rating System | Capacity Buffers & Safety Stock | Supplier Diversification | China+1 | Focus Local | Automation Advancements | Continuous Flow...
As more companies embrace advances in manufacturing automation, those who refuse to change may find themselves left behind. However, investment in these new technologies comes with its own hurdles. Read more about this trend and strategies to assess potential automation investments. Even as the US shifts into a post-pandemic norm, American manufacturers will likely continue to face labor shortages. Despite pushes for increased wages, flexible scheduling, and improved workplace conditions to alleviate the strain, analysts believe the labor issue will continue to persist into the foreseeable...
As the supply chain slowly pieces itself back together, logistics and trucking companies should continue seeing gradual demand increases, in the midst of a truck driver shortage. With an optimistic forecast for 2022, what does the future look like for logistics—and trucking in general? While every industry was impacted by the effects of Covid-19, the challenges created by the existing truck driver shortage have been magnified. And unfortunately, the industry doesn’t seem to be out of the woods yet. Experts predict several ongoing factors will continue to play a pivotal role in the trucking...