California —The Supply Chain Federation is pleased to spotlight key findings from the Los Angeles County Economic Development Corporation’s (LAEDC) Institute for Applied Economics report, Goods on the Move: Trade and Logistics in Southern California. This study underscores the vital role of the trade and logistics industry in the region’s economy and its potential for workforce development.
Key Highlights:
- Robust Employment Growth: The trade and logistics sector directly employs over half a million individuals in Southern California. Notably, warehousing employment surged by 55% over the past decade, reflecting the sector’s dynamic expansion.
- Competitive Wages: On average, wages in the trade and logistics industry exceed the Los Angeles County average by approximately 14%. While compensation varies across different occupations within the sector, the overall trend indicates a favorable earning potential for workers.
- Diverse Career Pathways: The sector offers a wide range of career opportunities, from entry-level positions to specialized roles, catering to individuals with varying skill sets and educational backgrounds.
Looking Ahead:
As the trade and logistics industry continues to evolve, it presents significant opportunities for workforce development and economic growth. We encourage stakeholders to join us in comprehensive policy development to continue to invest in the critical supply chain, ensuring a stable, thriving supply chain to support our workers and communities.
For more detailed information, access the full Goods on the Move report here.
