Impacts of the Truck Driver Shortage
Truck driver shortage is an alarming crisis in the transportation industry attributed majorly by recruitment obstacles, high turnover rates and increased operating costs within the industry. This shortage has seen an impact in both processing, manufacturing and even the trade industry as goods and services have a hard time reaching the final market. Below are some of the likely impact of truck driver shortage experienced.
Increase in consumer prices and labor costs
Transportation costs has a direct impact on both consumer prices and labor cost. This is in the sense that with a shortage in truck driver's goods and services will not be able to be transport to their various destination of choice with ease thereby causing a shortage in the production of goods and service thus necessitating the scarce commodities to be sold at an expensive price. On the other hand labor costs for the limited truck drivers tend to be costly due to the fact that their workload has increased too owing to the shortage of drivers.
Lowers the overall turnover
Truck driver shortage has an immense impact on the overall company's turnover. This is evident in a scenario whereby a company or an organization initially employing 150 truck drivers having fall out on truck drivers to 100 employees. A significant reduction of fifty employees has a great effect on the overall company's turnover levels in the sense that there will be a lot of piled work that will need extra attention of the remaining truck drivers. A similar article in http://www.huffingtonpost.com/news/truck-drivers/ can give you a lot of information about the topic.
Congested warehouse
This goes without saying as a shortage in the truck drivers will adversely affect any company's storage capacity since there will be less storage capacity due to the delayed delivery of transported commodities. On the other hand companies and organizations will also be necessitated to enlarge their warehouses to accommodate the idle trucks that lack drivers to drive them.
Boosting the use of rail freight
With the truck driver shortage taking toll on companies, the transportation industry always tries to find better ways of dealing with such handles head on and no better way than the use of rail freights. Rail freights as a direct impact of truck driver shortage tries to help provide a reliable transportation channel thus helping an organization still attain its goals and objectives.
With this said, shortage of truck driver is a definite barrier to any company's objective, however such limitations will be easily faced off in the decades to come through the invention of automatic driven trucks.
