Tag Archives: labor market

The persistent labor shortage is forcing many companies to accelerate the automation of their manufacturing plants, warehouses and distribution centers. This past spring, ABB and Guidance Automation each surveyed executives in the supply chain industry to see how they’re using technology to address manpower issues. Here are some key findings: AUTOMATION TRENDS IN THE LABOR MARKET 62% Respondents who expect ...

Economic Market Analysis BY JASON SCHENKER, PRESTIGE ECONOMICS The economic and financial market landscape has shifted sharply in the past year. In the fall of 2021, there were many reasons for economic optimism in 2022, even with anticipated high inflation and Fed rate hikes. Looking ahead to 2023, the outlook is less positive. The year 2022 has been generally good ...