Will 2023 employment in the logistics sector plummet?

Human ResourcesMoney Matters
Written By Jennifer Joslyn

The global economic slowdown is signaling… yes. Profits were huge in the supply chain and logistics industry early in the pandemic - and many companies were not fully aware of what was around the corner. All parts of the supply chain are now expected to encounter a drastic drop in demand as global inflation persists.

While the market was strong during the pandemic and demand for supply chain labor increased substantially, most companies simply went on a hiring spree. What they didn’t do was develop new synergies and efficiencies to retain this employment boost. It’s expected that the layoffs already being headlined in the blue and white-collar positions will continue for more years to come.

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Jennifer Joslyn
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