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This Week in Logistics News (May 14 – 20)

Logistics Viewpoints

We are seeing it now in terms of truck drivers and warehouse workers, and Walmart is an example of a company that has been trying to get ahead of these shortages by offering higher wages and on-the-job perks. We’ve all been talking about the looming supply chain talent shortage for quite some time. That’s nearly 29 percent of their workforce.

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Rapidly Rising Minimum Wages Will Significantly Increase Your Warehouse and 3PL Costs: Effective Strategies to Combat Their Impact on Your Bottom Line

GlobalTranz

Seattle, San Francisco, Oakland and Chicago have already moved to raise their wages and there are proposals for minimum wage increases across the country including in New York City, Washington, D.C. and Kansas City, MO. . Alternative Solutions : An innovative solution is leveraging our neighbors to the South in Mexico.

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Can the Latin America and Caribbean Region Use Nearshoring to Become a Supply Chain Hub?

MIT Supply Chain

Mexico, for example, is perhaps the most regionally integrated LAC country from a supply chain perspective, largely thanks to the North American Free Trade Agreement and its successor, the United States–Mexico–Canada Agreement (USMCA), which came into force on July 1, 2020. Sheffi points to examples such as Argentina?—?entrepreneurs

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How the USMA is creating an environment of trade certainty

Resilinc

In its first year in force, the US-Mexico-Canada Agreement (USMCA) has 1) helped to seal foreign investment deals in Mexico’s automotive sector, 2) led companies to build new logistics facilities on the border, and 3) added steam to the merger of Kansas City Southern and Canadian National railways. Kevin Brady (R-TX).