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Rya Hazelwood
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IAMC News Briefs—Week of June 27, 2022

By John Salustri

Walmart Takes Stake in Symbotic for High-Tech Rollout

SUPPLY CHAIN DIVE—Walmart has gained an 11.1 percent stake in common stock of automation provider Symbotic, part of its previously reported rollout of highly-automated US facilities. The firm’s technology will also be folded into all 42 Walmart regional distribution centers over the next eight years. In addition to increased productivity, the integration will reportedly upscale workers to “higher-value” jobs.
https://www.supplychaindive.com/news/Walmart-invests-Symbotic-tech-stake/626140/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-06-29%20Supply%20Chain%20Dive%20%5Bissue:42765%5D&utm_term=Supply%20Chain%20Dive

 

Amid Waning Virus Fears, Amazon Finds Itself Overstaffed

WASHINGTON POST—Too many workers isn’t a common complaint these days, unless you’re Amazon. The 800-pound e-tailer reported in its recent earnings call that it staffed up to move personal protection equipment (PPE), such as masks and hand sanitizers. Now with fears of infection slowly waning, so is the need for a now-bloated personnel roster. Amazon reportedly hired some 270,000 workers in the second half of last year alone. Attrition could solve the issue, but a company spokesperson states that layoffs are not in the cards. Yet.
https://www.washingtonpost.com/technology/2022/05/05/amazon-warehouses-overstaffing/

 

Labor Woes to Increase Over Next Half Year

BISNOW—On the ironic flip side of that coin, you can expect the current labor shortages only to get worse over the next six months, which will be, “like the last six months, only worse,” Associated Builders and Contractors Chief Economist Anirban Basu said. “After accounting for inflation, construction spending has likely fallen over the past 12 months. As outlays from the infrastructure bill increase, construction spending will expand, exacerbating the chasm between supply and demand for labor.”  Reportedly, there are currently 25 percent more unfilled construction positions than people to fill them.
https://www.bisnow.com/national/news/top-talent/short-materials-now-short-workers-constructions-cost-set-to-rise-amid-new-labor-woes-113573

 

Invesco, Perot JV Sheds 1M-Square-Foot Dallas Asset

COMMERCIAL PROPERTY EXECUTIVE—A one-million square-foot last mile distribution campus in Dallas has just changed hands. Invesco Real Estate and Perot Development have sold Phase 1 of DFW Park 161. The three-building, state-of-the-art campus was picked up by BentallGreenOak for an undisclosed price. The JV broke ground on the campus two years ago, investing $120 million for the development of Phase 1, which is fully leased to four tenants.
https://www.commercialsearch.com/news/invesco-perot-sell-1-msf-dallas-area-campus/
 

BNSF Limits CA Fuel Deliveries

TRANSPORT DIVE—A temporary embargo of diesel and other fuels to California is being imposed by railway BNSF. The reason? Labor constraints and congestion caused by weather. The holdoff is set to extend from July 6 to the end of the month. Diesel and renewable diesel are some of the products included in the embargo, but fuel shippers will be allowed to request dispensation in order to ship to embargoed destinations.
https://www.transportdive.com/news/bnsf-limits-commodity-shipments-embargo/626305/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-06-29%20Transport%20Dive%20%5Bissue:42761%5D&utm_term=Transport%20Dive

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