Episode 3: Freight Industry Trends 2021 - 2022 | The Extra Mile Podcast by CarrierDirect
In this episode, our hosts chat about transportation & logistics market trends...
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In addition to the great resignation, we see an increasingly competitive market to attract and retain talent. Employers and employees experienced a lot during the pandemic, and the companies who truly used this time as a learning experience will come out ahead. Companies that are eager to get back to the way things work are setting themselves up for disappointment. Namely in regard to allowing more flexible working conditions, for example working from home if at all possible.
Other factors that impact a freight company's ability to improve employee retention are: Career Growth, Flexibility and PTO, Community Impact, Bonus Incentives, and Base Pay.
Read more about The Talent War in Freight in this article by our CEO, Peter Rentschler.
Technology in transportation & logistics can be a game-changer for business when implemented and executed thoughtfully. Automation can and should be part of your overall tech strategy. Simplify what you can so that team members have more time and energy to devote to higher effort tasks.
Adam explains that you should be considering, "How do you source the best option versus the first option."
Capacity strategy is more data-driven approach to sourcing and matching loads and carriers.
Stay tuned for CarrierDirect's forthcoming ebook all about capacity strategy.
Service offerings and personnel are two big things to consider in M&A.
Real success comes with the execution. Are the companies able to integrate smoothly?
Engaging in a merger or acquisition is the quickest way to expand and diversify operations.
Prediction: M&A is not likely to slow down anytime soon!
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