Guest: Jason Schenker of Prestige Economics with predictions for supply chains in 2025; What will happen with labor pools this year? 'Tis the season of retail returns

Logistics Matters with DC VELOCITY

Our guest on this week's episode is Jason Schenker, president of Prestige Economics. Schenker is one of the world's leading economists and he shares his insights into what happened in 2024 with the U.S. economy as well as predictions for 2025. Our discussion includes the economic outlook for supply chains and the material handling industry in particular, inflation, consumer prices, interest rates, employment, and looming tariffs

One of the top themes we covered in the past year was the labor pool, and specifically how employers in the logistics sector have struggled to find either qualified employees for increasingly technical positions, or simple enough at all for even entry level positions for things like warehouse work and truck driving. This week a report was released that identified five workplace trends that are coming up in the new year, and methods for how employers can best adapt.

With peak shipping season behind us, it’s time to move on to peak returns season. We are now in the thick of it when it comes to reverse logistics, as retailers and e-commerce fulfillment companies deal with all those post-holiday gifts coming back. We preview a January story in DC Velocity that reveals that many retailers are rethinking their approaches when it comes to managing their returns processes.

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. A series of ten episodes is now available on the "State of Logistics." The episodes provide in-depth looks into the current states of key transportation modes, such as trucking, rail, air, and ocean. It also looks at inventory management, 3PLs and more. All ten 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:

• Prestige Economics
• Workplace report finds 5 trends sweeping global labor pool
• 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 [e-mail]

Podcast is sponsored by: Werner Premium Services

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