InTents August/September 2023 - 4

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loving in this issue and what
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madden@textiles.org.
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've just finished driving 3,800 miles across the United
States, from Oregon to Texas to West Virginia-a state
I'm happy to now call home. I drove through countless
towns and cities of all sizes, and while each one was
unique, they all shared one common trait-a lack of
workers. Nearly every restaurant, gas station and hotel
I visited had a sign posted prominently advertising that
help was wanted. Several had notices saying they were
short-staffed and all but begging customers for patience.
Many had limited hours. Some were closed completely.
The labor shortage has been in the news for at least two
years now, so none of this came as a surprise, but it was
clear that the impact it is having on businesses is becoming
increasingly dire. One of the less-publicized effects is the
difficulty it creates for business owners looking to retire.
Our feature story on page 18 explores succession planning,
and the many steps owners should be taking in the years
leading up to the sale or transfer of their business. But
how do you train a successor if you can't find employees to
work, nevermind learn to run the company?
On page 30, you'll find interviews with several industry
veterans who have spent decades working to build their
companies. Not one is considering retirement anytime
soon. Part of that is due to the nature of this business, with
several interviewees commenting that " it gets in your
blood. " But many also cited the inability to find workers
as the biggest challenge facing their company and the
industry as a whole.
There are some signs that the labor market is beginning
to ease as the unemployment rate rises and wage
pressures cool. The hope is that the economy will slow
just enough to rein in inflation and improve the labor
market without tipping the country into a full-blown
recession. But for now, employers are working longer,
customers are paying more, employees are earning less
and absolutely everyone is hoping help is on the way.
YOU DON'T
WANT TO
MISS THESE
EVENTS!
Jesse Madden, Editor
jesse.madden@textiles.org
4 intents aug-sept 2023
http://www.InTentsMag.com

InTents August/September 2023

Table of Contents for the Digital Edition of InTents August/September 2023

InTents August/September 2023 - Cover1
InTents August/September 2023 - Cover2
InTents August/September 2023 - 1
InTents August/September 2023 - 2
InTents August/September 2023 - 3
InTents August/September 2023 - 4
InTents August/September 2023 - 5
InTents August/September 2023 - 6
InTents August/September 2023 - 7
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InTents August/September 2023 - Cover3
InTents August/September 2023 - Cover4
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