One of the interesting things that came out of the pandemic was that more and more people have realized they don’t have to work for someone else. After the world shut down, many people couldn’t do their jobs. Being forced to stay home for an extended period of time, they had to figure out other ways of making money. The great illusion was shattered, as many people decided to stop working at a job they hated. They realized they could do side hustles or even start their own business.
Since then, we’ve seen a huge depletion of the workforce—known as “The Great Resignation”—where people are quitting their jobs in droves. There were 10.4 million job openings in August. It’s been reported that about 4.3 million people left the workforce and aren’t coming back.
This is affecting every aspect of our supply chain—from stores not having certain items on the shelf, to new trucks not being able to be sold, due to chips being unavailable. Truck drivers are quitting, and we don’t have enough people working to move things that need to be moved.
On the bright side, there’s more opportunity now than ever before to grow a business. Opportunity is everywhere.
In today’s episode, BT and I discuss what’s happening with our fragile supply chain—and what I (as a former truck driver) believe we can expect going forward.
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