Unemployment in the United States is below 4%.The reduction in unemployment resulted partially from a fall in labor force participation, which hit a three-month low of 62.8%. The Bureau of Labor Statistics expects the participation-rate reduction to continue, due to an aging US population. Therefore, the overall unemployment rate is likely to fall further, perhaps reaching 3.7% in 2019, according to FocusEconomics Consensus Forecast.
This can have a serious impact on Production Capacity between Suppliers.
Get insights into how to flex your supply chain to cope with supplier capacity shortfalls.
Listen to the Supply Chain Experts at Resilinc:
- Know your Supplier and Site Capacity
- Prepare your supply chain to dominate across a wide range of scenarios
- Identify suppliers and sites operating at high capacity utilization rates (at risk sites)
Armed with this vital information, your supply chain designers can spend their valuable time identifying and qualifying alternative, more readily capable sites and sources—so your enterprise won't miss any opportunity to profit from increased levels of demand
And, if you are looking for an easy, intuitive solution, you can check out Resilinc RiskShield.