The Impact of Labor Shortage on Supply Chain Management
An imminent labor shortage in key regions is set to shake up global supply chains. According to the latest research by Korn Ferry, businesses across the globe could be dealing with a labor shortage of 85.2 million skilled workers by 2030. The dent in revenues is projected to be around $8.45 trillion or the combined equivalent of the GDPs of Germany and Japan.
This does not bode well for major, labor-intensive supply chains worldwide. This white paper will discuss the current environment with the declining workforce and practical guidance on how to mitigate this risk.
You'll learn:
- How the labor shortage affects supply chain management
- Methods to combat the shortage
- How to use technology to diversify your workforce
Download Whitepaper
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Sponsored by Avetta:
Avetta offers a configurable SaaS-based solution that assists organizations – both large and small – in managing supply chain risk across a variety of disciplines. Avetta is building the world’s most intelligent supply chain risk management network to advance clients’ safety, resilience and sustainability programs. Avetta leads the world in connecting leading global organizations across industries, including telecom, construction materials, manufacturing, facilities management, high tech and energy with qualified and vetted suppliers and contractors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta serves more than 450 enterprise companies and 100,000 suppliers across 100+ countries.