Carto locations11/23/2023 ![]() ![]() ![]() This makes it an excellent case study for how distribution center location strategies can be informed by unemployment insights. Tennessee also has an unemployment rate of 3.3 which is approximately the state-level average (May 2022 National Conference of State Legislatures). “With our natural geographic advantage, a deep pool of highly skilled logistics workers and a robust transportation infrastructure the transportation distribution and logistics industry thrives in Tennessee.” Logistics and TennesseeĪccording to the Tennessee Department of Economic & Community Development ( TNECD), Tennessee is uniquely positioned to offer huge advantages to logistics businesses: With this in mind, it’s important to delve deeper than state city or even county-level statistics. global recessions) but they can also be local a large local employer may close down or relocate or the skills of local residents may be mismatched with the requirements of local businesses. Factors behind it can be global and structural (e.g. There are of course other factors involved in Site Selection for logistics - keep reading for more on that! This strategy can be advantageous to logistics businesses in particular, as in many (but not all cases) the key “human” element in distribution center site selection is proximity to an available workforce. In these areas the ratio of potential staff to job openings is less competitive for employers. One way of approaching this for logistics companies is to locate new distribution centers in areas of high relative unemployment. With over 11 million resignations coming from the supply chain, this is of particular concern for logistics businesses. With resignations sometimes rising to over 5% of all employed residents, The Great Resignation presents a huge challenge for companies to attract - and retain - staff. How to combat The Great Resignation in Logistics Open the map in full screen here (recommended for mobile viewers). Over 11 million resignations came from the supply chain in logistics, transportation, retail and wholesale trade industries. Whilst resignations have remained fairly constant throughout “The Great Resignation” across industries such as Government and Mining & Logging it has greatly increased in other areas. However, we can see from the visualization below that the resignation rate is not a uniform trend. More than 47 million people quit their jobs in the United States in 2021 (Source: The United States Labor Statistics Bureau). Causes for this are speculated to include a desire for more flexible and remote working practices, low wage growth vs a rising cost of living and a resignation lag following the economic uncertainty of the COVID-19 pandemic and lockdowns. They all describe an economic trend where employees have been leaving their jobs in enormous numbers. The Great Resignation The Big Quit or The Big Reshuffle? The employment landscape has been given many names since early 2021, but they all have one thing in common. ![]()
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