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Logistics Matters with DC VELOCITY
Guest: Jason Schenker of Prestige Economics with predictions for supply chains in 2025; What will happen with labor pools this year? 'Tis the season of retail returns
Jan 3, 2025
In this discussion, Jason Schenker, President of Prestige Economics and a leading economist, provides his insights on the U.S. economic landscape and predictions for 2025. He analyzes labor pool challenges in logistics, emphasizing the quest for qualified workers and automation trends. Schenker also tackles the implications of tariffs and geopolitical risks on supply chains. As the peak shipping season transitions into the return season, he highlights innovative approaches retailers are adopting to streamline reverse logistics.
27:22
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Quick takeaways
- The economic outlook for supply chains in 2025 predicts modest GDP growth, easing inflation, and renewed investment in material handling sectors.
- The labor market remains challenged as logistics companies must adapt workforce strategies to address demand for diverse and skilled labor.
Deep dives
Economic Outlook for Supply Chains in 2025
The economic outlook for supply chains in 2025 is expected to show modest GDP growth coupled with a decrease in interest rates. Inflation rates are likely to ease, although there may be a temporary increase at the beginning of the year. By the second quarter, these inflation rates are projected to stabilize and decrease further, positively influencing business investments and manufacturing activities. This optimistic scenario suggests that material handling and supply chain sectors may see renewed spending and investment as economic conditions improve.
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