Due to the struggle to move goods during the Covid-19 pandemic, “companies are bracing for more steep increases in shipping and logistic prices” over the next year. Compounding issues, strong demand and tight capacity will continue to persist due to the lack of reprieve of  inflationary pressure. Todd Bushman, a logistics executive at the Council of Supply Chain Management Professionals, says that the industry is “preparing for the worst.”  Read More…

Since May 2020, the U.S. has added 800,00 jobs in the warehouse and transportation labor force, outshining the pre-COVID numbers by a 3% increase. With many workers learning to make peace with emerging variants, one of the biggest obstacles now becomes the oncoming tightening of financial conditions, as the Federal Reserve may need to rethink their “highly accommodative monetary policy.”  Read More…

With U.S. and Canada both possibly enacting vaccine mandates, cross border trade may be crimped even further than it was with trucking firms expected to lose drivers. Though drivers have so far been exempt as “essential workers,” new mandates may impact up to 30 percent of the workforce, which can have a dire domino effect on factories nationwide.  Read More…