Warehouse 90% Turnover
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A discussion about the high turnover rate in warehouse operations and why robots might be necessary.
"We use a 3PL now, but before when we had it in-house, every year we would replace 90% of the team. Amazon, who employs tens or hundreds of thousands of warehouse workers, had a 100% turnover rate.
I remember talking to Brett from Figr and asking, 'Brett, are you preparing to be the most hated man in America?' And he responded, 'Well, why?' I said, 'Because you're taking jobs.' He explained, 'I'm not actually taking jobs. There's all these warehouses that no one will work at - they literally cannot convince people to work there, whether they can't afford it or people aren't interested in that type of work. Plus, the average turnover is 100%, so they just can't keep people in these jobs for a long time.'"
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.