Tag Archives: labor market

Material Handling and Economic Outlook for 2024

BY JASON SCHENKER, PRESIDENT OF PRESTIGE ECONOMICS®, CHAIRMAN OF THE FUTURIST INSTITUTE® The year 2023 was one of twists and turns. There were significant tech layoffs, a banking crisis, slowing inflation, Fed rate hikes, elevated geopolitical risks and AI obsession. While some of these events were fortunate breakthroughs, a few took the world by surprise in not-so-welcome ways. This naturally leads ...

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By The Numbers: Using Technology To Address Labor Issues

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 ...

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