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Labor Shortages & Supply Chain Woes

Labor Shortages & Supply Chain Woes

The tightening labor market is putting a great strain on the nation’s supply chains, causing delays and disruptions that are impacting our local economies. EDCC is coalescing its Economic Development community and strategic partners in a unique roundtable discussion to share current programs and solutions, we can begin to implement now, that get to the heart of our labor shortage issues and employee driven supply chain disruptions.

In a recent article posted by McKinsey & Company on Navigating the labor mismatch in US logistics and supply chains, the demand for labor has outpaced the demand for supply. As the US economy recovers, companies are facing the “Great Attrition,” coupled with increased competition for labor. The article also argues that the labor mismatch has pushed private-sector wages to more than double pre-pandemic growth rates, but positions remain unfilled.

Between the rise in labor costs, supply, and demand, we are facing headwinds like never before. EDCC is coalescing its Economic Development community and strategic partners in a unique roundtable discussion to share current programs and solutions, we can begin to implement now, that get to the heart of our labor shortage issues and employee driven supply chain disruptions. Outcomes and further analysis of this topic will be compiled into EDCC’s Thought Leadership Paper to be distributed shortly after the online roundtable discussion.

Help direct the future of Colorado’s economy and be among Colorado’s thought leaders on mitigating labor shortages and supply chain impacts.

SUBJECT MATTER EXPERTS:

Moderator: Renise Walker, Assistant Director of Systems Innovation, Colorado Workforce Development Council

  • Elizabeth Garner, State Demographer, Dept. of Local Affairs
  • Traci Marques, Executive Director/CEO, Pikes Peak Workforce Center
  • Dr. Allen Golden, Director, Technical College of the Rockies
  • Erin Young, Founder/Managing Owner, Red Buffalo Coffee & Tea
  • Karla Nugent, Founding Partner/Chief Revenue Officer, Weifield Group Electrical Contracting

 

This one-of-kind virtual event will get to the heart of these issues, provide data to back up theories developed in the exploration, to result in a thought-leader position report that our professionals will be able to use to help guide conversations and actions at the local level. (Read our latest paper on “Job Quality as a BRE Strategy?”)

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