Unemployment rises to 3.8% in Aug., 187K new jobs added | KeHE turns to Cognira AI tool for promotion planning | West Coast ports face "uphill climb" to regain lost volume
The US unemployment rate rose to 3.8% in August, up from 3.5% in July, with 187,000 new jobs added to the economy during the month, according to the Labor Department. The figures support the case that the Federal Reserve's interest-rate hikes are cooling the economy.
KeHE Distributors plans to overhaul promotion planning and forecasting across 16 distribution center networks using Cognira's PromoAI suite to improve margins, collaboration and return on investment. With PromoAI's "advanced AI/ML technology, we can now enhance our service level and optimize critical KPIs like inventory and spoils during promotions, benefiting our extensive customer base of around 30,000 retail stores," said Raj Govindarajan, KeHE's executive director of supply chain.
The Port of Los Angeles (Allen J. Schaben/Getty Images)
Logistics property developer Prologis predicts the combined Los Angeles-Long Beach port complex may only regain up to 50% of cargo volumes that have been diverted to east coast ports over the past year that experts attribute to ship backups, dockworker contract uncertainties, China's lagging economy and changing import strategies. While the West Coast remains a preferred US gateway for many importers, Gene Seroka, executive director at the Port of Los Angeles, expects it will be "an uphill climb" to regain lost volume and notes, "Our job now is to be absolutely relentless in going after every pound of freight possible."
Maximizing E-commerce potential 99% of apparel retailers expect customer demand to require same day delivery by 2025. To stay ahead, some online retailers are optimizing their DC ops beyond traditional automation with AI- driven smart software. See how one retailer doubled picking productivity and realized a dramatic reduction in training and onboarding time for workers. Read about it now.
Unemployment within the US transpiration sector increased from 4.6% in July to 4.9% in August and remains above the 3.9% overall national average, according to the Bureau of Labor Statistics. The Bureau primarily attributes the increase to the collapse of Yellow Corp. and Arrive Logistics' David Spencer predicts it will "get worse before it gets better in terms of trucking conditions and employment levels."
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Business-to-business marketers can inject personality into their social media messaging by following the lead of creators, who focus on educational content, a playful tone, showing their human side and being on top of relevant trends, advises Thinkific's Christie Horsman. "Bring your people out from behind the curtain, and let your audience get to know them," Horsman writes.
Employers can increase their chance of retaining workers by exploring their hidden talents and providing opportunities for those superpowers to shine, writes Marie Barnes, principal analyst at the Brandon Hall Group. In addition, foster a sense of belonging among employees and prioritize consistent messaging, Barnes advises.
Serial entrepreneur, Craig Walker, CEO of Dialpad, says he doesn't worry about what his competition is doing because he stays focused on developing his own ideas and products, a philosophy that has paid off as he has already sold two startups to Google and Yahoo. "You have to be an eternal optimist, and just extremely confident you have the best team and the best idea and the best way to go about it," Walker says.
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