The point I want to make here is that from a long-term point of view, I think we're going to be OK in the electronics supply chain.
Avnet's Gerry Fay, Lytica's Ken Bradley, and Arizona State University's Arnold Maltz led an outstanding hour-long conversation about today's recruitment, training, and retention challenges, and how companies and schools are addressing them.
Here's a teaser:
Younger people are being promoted into higher levels earlier and with less experience. The average director's age in 1990 was 42.8; today it's 34 years of age.
One key tactic to improving your procurement organization is to recruit from outside the function (for example, from technology, design, or accounting). This enhances career paths, critical thinking, and challenges long-held beliefs.
'Raw' undergraduates need exposure to real work environments; supervisory responsibility, for example, is often an unknown to them.
Questions from the audience really helped us dive into some of these topics, and the panelists' conversation was lively, to say the least!
So, two action items for you: