The number of supply chain jobs is bigger than the number of trained supply chain professionals. That’s the reality in the global electronics supply chain.
“For all functions that make up the umbrella of today’s supply chain management capabilities, we predict a supply chain talent perfect storm, one that is sure to occupy more of the management attention of supply chain and business senior leadership,” said Bob Ferrari, managing director of the Ferrari Consulting and Research Group in a recent report titled 2017 Annual Predictions for Industry and Global Supply Chains. “The perfect storm is increased skills demand meeting limited available skilled talent supply.”
At the same time, it’s a career in which people report good wages and high satisfaction, so there’s every chance to close the gap. On average, supply chain managers in the United States make on average about $79,000 annually (with a range of $50,000 to $120,000), according to PayScale. “Most workers in this position report high levels of job satisfaction,” the company added.
As a career path, the supply chain has also evolved. Business is moving more quickly, and digital technology is becoming normative to optimize the supply chain. Cost remains a crtical consideration. At the same time, customers are looking for more of everything, including control over shipments, visibility and more. “Supply chain and logistics businesses must now also be able to capture, analyze and process data from a variety of channels to provide insights for their customers,” said a recent report from Hudson titled Talent Insights: Supply Chain and Procurement.
As supply chain becomes an increasingly strategic role in the organization, supply chain pros are going to need to evolve and grow to meet the changing demands of the industry. To meet the needs of the industry, supply chain managers need cross-functional hard and soft skills, according to Ferrari.
Take a look at the infographic from Hudson below to see the types of skills that are going to be increasingly important in the coming year. How is your organization helping evolve its supply chain personnel to meet the changing demands? What is it doing to attract the best and brightest supply chain talent? Let us know in the comments section below.
— Hailey Lynne McKeefry, Editor in Chief, EBN