manufacturing
Instawork Data Indicates US Supply Chain Rebound
Adriana Pulley · July 27, 2023 · 1 min read
Data from the flexible work marketplace Instawork points to a potential rebound in the US supply chain. Notably, in the manufacturing sector, hourly wages have surged by 12.1% year over year in June, indicating increasing labor demand as businesses begin to ramp up again.
Instawork's data also suggest that this revival is primarily led by manufacturers on the west coast, where demand for labor in Los Angeles increased by 38% in Q2, while in the Bay Area, the demand saw a whopping 59% surge.
Moreover, there has been a 52% spike in shift hours in Los Angeles, signaling growing production activity. If these trends continue, the overall economic outlook for the latter half of the year appears promising.
Source: Supply Chain Management Review
Trucking volumes across the US have started to show some life, as the OTVI breaks out to the highest levels all year.
July is usually a slow month, but not this year. pic.twitter.com/RZ615k8gdd— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) July 26, 2023
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