The supply chain talent crisis is a significant problem that will cause widespread disruption in the industry. More workers are retiring, and there are just not enough members from the newer generations interested in the industry. However, demand for more products, faster and at lower costs is increasing, so supply chain executives need to start thinking about how they can prepare for and respond to the current and forthcoming supply chain talent crisis.
The globalization of supply chain networks and new technologies, including automation and 3D printing, have contributed to a shift in the demand for skilled workers. According to HighJump, the number of available jobs in the industry will soar 26 percent, yet nearly 33 percent of current supply chain workers are at or around retirement age. This means workers are retiring faster than they can be replaced. In addition, the supply chain has a dirty, dingy image, created by stories from the industrial revolution and past recessions. However, that narrative can be reversed.
Supply chain executives must tackle the problem from all sides, including:
According to Andrea J. Fonte via Supply Chain Management Review, supply chain leaders need to take a few steps to attract and retain supply chain talent, including:
The world is evolving. Global trade is expanding, and the demand for more talented workers is increasing at a record pace. Supply chain leaders need to start thinking about how they can attract the next generation of talent and continue to meet the demands of a global market.
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