A Dallas trucking company is seeing more applicants for drivers as they are dealing with the supply chain issue. Vision CDL Truck Driving School said classes were getting bigger and companies were hiring students almost immediately.
Instructor Daryl Monmouth is busy as companies are contacting the school and want to hire students before they have graduated.
"We have companies calling us and wanting to come and interview our students. And they're coming a lot."
The American Trucking Association said the United States needs about 80,000 drivers.
Due to a shortage of drivers, this has led to an increase in demand in several areas.
This is likely to cause toilet paper, diapers, and tissue to rise due to inflation.
In the Dallas Morning News, Kimberly Clark CEO Michael Hsu shared his thoughts:
“Our earnings were negatively impacted by significant inflation and supply chain disruptions that increased our costs beyond what we anticipated,” he said in a statement as the company reported recent earnings.
“We are taking further action, including additional pricing and enhanced cost management, to mitigate these headwinds as it is becoming clear they are not likely to be resolved quickly.”
“The global supply chain is under pressure and we do expect [the] cost to remain elevated for a period,” Hsu told analysts during a conference call. “Not all costs. ... But the polymer-based products seem like they’re going to remain elevated for a little while. We mentioned U.S. labor costs and pressures on transportation globally. I think that’s going to remain elevated for a while because I don’t see a fundamental catalyst to change that in the near term. And so that’s why we’re making some of our moves.”
Bloomberg analyst Diana Gomes, who tracks the company, said she doesn’t expect Kimberly-Clark’s earnings to realize price hike benefits until 2022. The company will sacrifice profit in order to advertise its products.
Gomes wrote on Monday:
“Ads are needed as it passes additional premium-product price hikes to customers to counter input costs $1.4 [billion] to $1.5 billion above 2020′s amid pulp, transportation, and energy-input inflation.”
Business is under pressure as inflation is rising, the cost of goods is increasing, and the demand to hire workers is high.
Former Dallas Fed President shares his thoughts:
Brinker operates stores in Dallas including Chili’s and Maggio’s Little Italy. CEO Wyman Roberts issued a statement:
The “COVID surge starting in August exacerbated the industry-wide labor and commodity challenges and impacted our margins and bottom line more than we anticipated. We are responding to these COVID headwinds with [an] increased focus on hiring and retention efforts, and working with our partners to gain further stabilization of the supply chain environment.”
How are you handling the rise in prices?