Ever Looked Into Manufacturing?


[Water Consumption]

“But the reality is most of it is coming back to manpower shortages.” “It’s been a strange period of time,” added Andrew Baird, the President of Conco, who knows all about labor shortages. Baird oversees a diverse company that offers concrete and aggregate materials for construction projects all over the Ozarks. But just like the general public he has to deal with finding enough workers as well as supply chain problems such as parts for his work fleet. “That’s true for the repair of trucks and equipment,” Baird said. “All the components that you expect to get the next day are now as far as I can tell just not in more info the country. People need to think about whether relying totally on things coming from overseas in containers is the best way of handling every product.” In Baird’s case the problems lead to falling behind in getting jobs completed. But the biggest obstacle still goes back to manpower like finding employees with commercial driver’s licenses to drive Conco’s concrete mixer trucks. “Normally you’d have a trickle of interest but there was no interest this year,” Baird said. “And it doesn’t get any easier when you fall behind because these aren’t the type of things where you can catch up really quickly. But people are just doing the best they can.” “The shortages a lot of times come down to one tiny little piece,” Short added. “We all have been hearing about the steel shortages. But even when you’re talking about concrete it’s not necessarily that there’s a shortage of the stuff to make it. It’s that (because of the steel shortage) we don’t have rebar, the stuff you need to reinforce it. Or we don’t have the people to come out and pour it. We recently had a paint shortage because some plants that made the raw materials shut down. So we have to dig down to find out where the problem is. Let’s talk to the supplier and then talk to the supplier’s supplier. Is it because that plant was shut down the entire time for COVID or because something has happened since then that’s keeping them from getting caught up?” So with all that going on, what should all of us frustrated customers do when it comes to construction projects? “You need to plan for extensions,” Short said. “Be in constant communication with people. Just because they had it in stock one day doesn’t mean it’s going to be in stock the next day.

https://www.ky3.com/2021/09/23/construction-industry-also-facing-delays-goods-services-just-like-rest-us/

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If its drivers exhibits safe driving behavior, their rates can fall. On the other hand, if they exhibit dangerous behavior, their rates can rise. But unlike Root, Smithson said, Just only charges its “liability only” customers for miles driven. There is no monthly fee. For “full cover” customers, Just also includes a “small daily charge” to reflect the risk that someone could steal their car. For its part, MetroMile charges customers a base rate plus a per mile rate. Neither rate are affected by how a person drives, notes Smithson. “The [Just] per mile price that a customer gets can change every month. This means we’re able to rapidly reward safe drivers with lower rates, and to increase them for those who drive less well,” Smithson said. “This rapid feedback loop encourages people to make smarter driving decisions. And it means that our customers have fewer accidents, and we do better. ” In 2020, Root had a direct loss ratio of 82% . Just’s direct loss ratio is 65.8% year to date so far. But of course, it has far fewer customers and is only serving one market. Still, the company says that it has already achieved underwriting profitability in terms of what portion of premium to it pays out in claims. Also, with so many people shifting to working from home over the last year, Just says it has seen increased demand this year. It issued over 1,000 new policies in the second quarter, up “tenfold” compared to the same period in 2020. The startup said during that same time, its revenue climbed 1,400% compared to the second quarter of 2020.  “People are simply driving less as a result of increased work-from-home rates, and this isn’t changing anytime soon,” Smithson said. “Our approach enables us to offer customers rates that are truly reflective of their driving.” The company likens its user experience to that of a prepaid phone card. Just customers can “load up” their account for $30 for minimum liability-only coverage and $75 for full coverage to start driving. The company’s insurance policy is for 30 days.

https://techcrunch.com/2021/09/21/just-insure-raises-8m/