Manufacturing is Still Up and Running in Escondido
COVID-19 may have put the brakes on a lot of industries but things are up and running in Escondido. A recent study by the San Diego Regional Economic Development Corporation, found that the 78 corridor, which includes Escondido, provides over 40,000 manufacturing jobs and has an annual economic impact of $18 billion. These jobs include computer and electronics manufacturing. The study found this work is projected to rise up to 6% in the next five years.
Two high tech companies in Escondido are proving these statistics to be true.
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According to the American Trucking Associations (ATA), at current trends the driver shortage could surpass 160,000 by 2030. ATA estimates that, in the next decade, the industry will have to recruit nearly a million new drivers into the industry to replace drivers exiting the field due to retirements, driver burn-out, compensation and poor benefits. These are the challenges facing transportation executives in securing a robust driver pool.
However, the challenge of driver shortages does not end with the trucking industry. Rather, the scarcity of drivers directly affects the larger manufacturing sector.
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