Why the Labor Shortage Will Only Get Worse

Why the Labor Shortage Will Only Get Worse

Insatiable demand for everything from consumer electronics to truck drivers is driving the shortage economy. A scarce labor pool is not only a reaction to supply chain shortages and surging demand but also to long-term shifts in demographics.

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Seven Keys Of Dynamic Pricing

Seven Keys Of Dynamic Pricing

An amazing thing about algorithms is they operate in the shadows. Machine learning and artificial intelligence are both ubiquitous and unnoticeable.

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How to Raise Prices Without Losing Customers

How to Raise Prices Without Losing Customers

According to the Bureau of Labor Statistics, inflation was 5.4 percent in July — a 13-year high. Yet rising costs are uneven across industries. Supply chains are crippled by shortages of raw materials such as lumber and computer chips. Hotel rates are up around 7 percent; cereal prices are only up 1 percent.

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Economic trends facing business in 2021 and beyond

[vc_row][vc_column][vc_column_text]Editor’s note: This article is part of a series on external trends impacting small and midsize businesses. In Part 4, we study economic trends facing businesses in 2021 and beyond. Other 2021 trends Part 1: Ecological trends facing...

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