'Usual' shortage of seasonal workers creating delays on Europe's waterways
Shortages of seasonal workers have prompted delays across Europe’s inland waterways, leaving many in the ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
This is how supply chains eat themselves. A leaked internal memo from Amazon, obtained by Vox, shows that such is the extraordinarily high rate of staff turnover, that in some regions Amazon is likely to run its potential labour pool dry within a couple of years. Indeed, in places such as Phoenix and California’s Inland Empire, the tipping point may already have been reached.
The company’s combative approach to its relationship with its workforce is one issue, as are structural labour shortages, but Amazon is also losing staff to rival retailers and logistics providers offering better terms. “Amazon’s attrition rates were 123% in 2019 before jumping to 159% in 2020, according to internal data in the report Recode obtained, while turnover rates across the US transport and warehouse sectors were much lower – 46% and 59%, respectively, in 2019 and 2020, according to Bureau of Labor Statistics estimates.”
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