How manufacturers and distributors are responding to post-pandemic labor shortages
How manufacturers and distributors are responding to post-pandemic labor shortages Manufacturers and distributors faced with exploding demand or shortages, 2020 was a difficult year. The skilled worker shortage will not go away as markets, factories, warehouses, offices, and offices expand. According to June 2021 US Bureau of Labor Statistics data , manufacturing added 15,000 jobs but employment is still down by 481,000 from the February 2020 number. Transportation and warehouse added 11,000 jobs, but the number is still 94,000 less over that same period. Deloitte projects that the annual loss in manufacturing GDP could reach $454 billion if the industry cannot fill the anticipated jobs by 2028. [ Source ] Whatever the root causes, the shortage of labor is forcing employers to be creative in their hiring practices. In this post, we will discuss how B2B companies have changed their hiring processes and invested in employees to meet the challenges ...