Need a job? The manufacturing sector needs 740k of you
Good morning! Happy National Spaghetti Day. 🍝 We know. We can’t believe it’s a thing either. Visit our Twitter for all the dad jokes involving trucking and spaghetti for a good laugh.
According to the U.S. Bureau of Labor Statistics… the manufacturing sector has a major labor problem. The latest data is conveying that there are more than 746,000 job openings in the manufacturing industry and hardly anyone is rushing to fill those slots.
Reduced production, increased costs, delays, and quality issues are all results of a labor shortage in the manufacturing industry. There are several things that manufacturing companies can do to resolve labor retention problems - offer competitive pay and benefits, foster a positive work environment, provide flexible work arrangements, and encourage career advancement just to name a few.
Check out today’s featured article from Supply Chain Dive to read about the growing labor shortage of manufacturing talent and what companies are doing to try and attract more workers into their field. ☕️
Featured Article:
Manufacturers strain to attract talent as more than 740K jobs go unfilled | Supply Chain Dive
“Companies are raising wages and adding flexibility in a bid to entice workers.”
Electric Vehicle & Manufacturing 🔋
Automotive industry shift to EVs sparks massive domestic factory push
Approximately $33 billion was pledged for new factory development in the automotive sector in the first eleven months of 2022, according to the Wall Street Journal. The major investment is being labeled as a “factory boom” after the United States government encouraged the growth of the Electric Vehicle markets.
Overall, there are several reasons why the United States may need more automotive EV factories, including increasing demand, competition with other countries, energy independence, and environmental concerns, and economic development. As more consumers are looking to purchase EVs, there is a growing demand for these vehicles in the market. Other countries, such as China, are also investing in EV manufacturing, and the United States may want to increase its domestic production in order to remain competitive in the global market. Building more EV factories in the United States may help to reduce the country's reliance on imported oil and may also have environmental benefits, as EVs produce no tailpipe emissions.
Ports & Money Matters 🚢
Companies can do a few things to avoid port storage charges
There are several ways that companies can avoid demurrage and detention charges in the logistics industry:
Plan ahead: One of the best ways to avoid these charges is to carefully plan the transportation of goods, including ensuring that there is sufficient time for loading and unloading at each stop.
Use reliable carriers: Working with reliable carriers that have a good track record of adhering to schedules can help to minimize the risk of delays that could result in demurrage or detention charges.
Communicate with the carrier: If there are any issues or delays that could impact the transportation of goods, it is important to communicate with the carrier as soon as possible. This can help to minimize the risk of additional charges.
Use intermodal transportation: Using intermodal transportation, which involves combining different modes of transportation such as rail and truck, can help to reduce the risk of delays and minimize the risk of demurrage and detention charges.
Negotiate terms with the carrier: Companies can negotiate terms with their carriers in advance, including terms related to demurrage and detention charges, to help mitigate the risk of these charges.
Overall, careful planning, working with reliable carriers, communicating with the carrier, using intermodal transportation, and negotiating terms can all help companies avoid demurrage and detention charges in the logistics industry.
Let’s Get Global 🌎
Here You Go GIF By StickerGiant via GIPHY
🛢️ The U.S. and Qatar are tied for the world’s largest LNG exporter. LNG stands for liquefied natural gas, a form of natural gas that has been cooled to a liquid state, making it easier to store and transport. Qatar and the United States both 81.2 million tons of LNG in 2022, representing massive growth for the United States, which only began exporting LNG from the lower 48 in 2016. The infamous June fire at the Freeport export plant in Texas seemed to hamper the United States’ goal of being the top LNG exporter, as the plant has remained closed since. When the facility opens up in late January, it’s expected that its operations will bring the United States to the top.
🗣️ There is a growing movement to empower women in the global maritime industry. Empowering more women in the maritime industry can bring a range of benefits, including greater gender diversity, talent retention, industry growth, and a positive social responsibility. Having a diverse workforce that includes women can bring different perspectives and ideas to the table, which can lead to better decision-making and more innovative solutions. This can help to retain talented female workers, who may otherwise leave the industry due to a lack of opportunities or support. The maritime industry is facing a shortage of skilled workers, and empowering more women can help to address this shortage by tapping into a previously untapped pool of talent.
🇨🇦 Effective Jan. 1st, Canadian truckers must comply with new ELD enforcement. While the new ELD mandate doesn’t modify any of the underlying rules in place for hours-of-service (HOS) requirements, Canadian provinces and territories now have the authority to monitor vehicles and issue citations based on ELD data. An ELD, or electronic logging device, is a device that is used in the trucking industry to track and record a truck driver's hours of service. ELDs automatically track a driver's HOS using data from the truck's engine and provide a tamper-resistant record of the data.
iLevel With You 🏡
More topics for the average American household to consider…
👩🏭 Ohio’s tax and talent benefits are attracting manufacturing firms. Ohio is centrally located in the United States, making it an ideal location for distributing products to other parts of the country. The state has a well-developed transportation network, including highways, railroads, and ports, which makes it easy for manufacturers to get their products to market. A large and skilled workforce makes up Ohio, with many workers trained in manufacturing and related fields. This makes it easier for companies to find the talent they need to support their operations. A lower cost of living compared to some other states also can make it an attractive place for manufacturers to do business. Ohio also offers a number of incentives and support programs to help manufacturing companies grow and succeed, including tax breaks and grants.
🌿 NYC nonprofit opens first legal retail marijuana shop. At the corner of Astor Place and Broadway in Greenwich Village, Housing Works has begun its newest line of business: weed sales. The 31-year-old nonprofit known for assisting New York’s homeless and HIV-positive population with its network of thrift shops is projecting sales to the tune of nearly $1 million in pretax revenue within its first year. Housing Works Chief Executive Officer Charles King and state Senator Liz Krueger of Manhattan spoke at the preopening event for the media at the closing of 2022 and voiced support for the legislation that legalized the recreational use of marijuana.
🚔 Autopilot or not, don’t fall asleep at the wheel. A driver of a Tesla in Bavaria, Germany awoke to quite a surprise on the A70 autobahn near the town of Bamberg, when he realized his vehicle was being chased by police. You read that right: the driver had been asleep during the police pursuit for approximately 15 minutes while his Tesla’s Autopilot feature was in operation. The Bamberg police have opened a criminal investigation after the incident and the news is likely unwelcome after Tesla’s stream of negative headlines, as of late.
GET SMART 🧠
Ramp up that brain power for these advanced topics…
🏃🏻♀️ Companies are beginning to modify operations to a direct-to-consumer model. When a supply chain company goes direct-to-consumer (DTC), it means that the company is selling its products directly to consumers rather than through intermediaries such as retailers or wholesalers. This business model can allow the company to have more control over the distribution and marketing of its products, as well as potentially offer a better price to consumers by cutting out the middlemen. It can also allow the company to gather more data about its customers and their preferences, which can be used to improve its products and marketing efforts.
⏰ Overtime pay won’t solve the driver shortage issue in America. are other factors that may be more important to them such as the overall pay and benefits package, the work schedule, and the quality of life on the job. Even if overtime pay is able to attract new drivers, it may not be enough to retain existing drivers who are considering leaving the industry. Drivers may be more likely to leave if they are dissatisfied with other aspects of the job, such as the amount of time they are away from home, the quality of the equipment they are given to work with, or the support and respect they receive from their employer. Working long hours, including overtime, can lead to burnout and other physical and mental health issues among drivers. This can ultimately lead to higher turnover rates and further depletion of the driver workforce.
🧠 Why is demand planning important in the supply chain? Demand planning in the supply chain refers to the process of forecasting and managing the demand for a company's products or services. This involves analyzing data on past sales and market trends, as well as considering other factors that may impact demand such as seasonality, economic conditions, and changes in the competitive landscape. The goal of demand planning is to ensure that a company has the right level of inventory, production capacity, and other resources in place to meet customer demand in an efficient and cost-effective manner.
The Workday Dash is an aggregation of articles regarding the transportation logistics, trucking, and supply chain industries for November 28, 2024, from iLevel Logistics Inc.