An imminent labor shortage in key regions is set to shake up global supply chains. According to the latest research by Korn Ferry, businesses across the globe could be dealing with a labor shortage of 85.2 million skilled workers by 2030. The dent in revenues is projected to be around $8.45 trillion or the combined equivalent of the GDPs of Germany and Japan.
This does not bode well for major, labor-intensive supply chains worldwide. This white paper will discuss the current environment with the declining workforce and practical guidance on how to mitigate this risk.