Guest: Ken Ramoutar of Lucas Systems on how technology can help with warehouse challenges; How tariffs affect consumer spending; Pay bumps in logistics
Episode description
Our guest on this week's episode is Ken Ramoutar, Chief Marketing Officer at Lucas Systems. As supply chains adjust to changing conditions, they will continue to need tools to increase flexibility, speed, and productivity. That’s where technology can come to the rescue. Our guest offers insights into how new technologies can help operators address the many challenges they face today.
Most economists are predicting that an uncertain market like this one means individual shoppers will cut back on discretionary spending - things like luxury goods and travel. Instead, they’ll save up their money because most models predict the tariffs will cause higher prices on goods. And that may already be happening, but this week we saw two measures that showed that many consumers are actually buying more goods in certain sectors. We explain why.
Despite the economic uncertainty we’ve been experiencing, wages for truck drivers and warehouse staff surged in the first quarter amid strong demand for frontline workers nationwide. This is according to a report from two employment industry companies – resume-building platform Resume Now and talent-matching platform Talroo.
Supply Chain Xchange also offers a podcast series called Supply Chain in the Fast Lane. It is co-produced with the Council of Supply Chain Management Professionals. All episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.
Articles and resources mentioned in this episode:
- Lucas Systems
- The grocery sector holds strong as consumers cut discretionary spending
- Census data shows that retail sales grew in March
- Report: trucking and warehousing pay up in Q1
- Visit Supply Chain Xchange
- Listen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcast
- Send feedback about this podcast to podcast@agilebme.com
Podcast is sponsored by: ID Label
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