Supply Chain Managers Resign as Demands in the Industry Get More Intense
As the supply chain industry gets a bit worse every year, the pressure on managers to deliver perfect results gets more intense.
The problem is that most of these managers have no idea what they’re doing, and the ones who do are demanding higher pay or getting burned out. As a consequence, an increasing number of them are quitting their jobs.
This has become a large problem for companies, who are now struggling to find qualified replacements. The challenge is only getting worse as the sector matures and customer demands continue to increase.
To add to the challenge, the pool of available talent is shrinking. There are fewer people interested in becoming supply chain managers and those who are often lack the necessary skills. This is a perfect storm that’s leaving many businesses in a difficult position.
According to LinkedIn’s latest study, the attrition rate of supply chain managers climbed to 28%. The statistic reveals that more than one in four employed supply chain employees left their posts in 2021. This was an increase of 6% from 2020.
“With increasing opportunities against the backdrop of the supply chain crisis, it comes as no surprise that supply-chain managers have increasingly sought out greener pastures,” – said LinkedIn’s Senior Economist and Data Scientist, Kory Kantenga.
The trend is only getting worse, and it’s not hard to see why. The job market is competitive, and businesses are placing higher demands on their supply chain managers.
Job Vacancies Continue to Rise
The number of job vacancies has been on the rise in recent years. ZipRecruiter’s data also shows that the number of job openings for supply chain managers has increased by more than 50% since January 2020.
The demand for these managers is only going to increase as the industry continues to get more challenging. The need for managers who can handle the tough supply chain issues after the peak of the Covid-19 pandemic is at an all-time high.
The pandemic has also made the job more difficult, as managers have had to deal with new challenges such as increased demand, shortages of supplies, and disruptions to their vendor supply chains.
The skills shortage is real, and it’s only going to get worse. The industry is facing a perfect storm, and businesses are struggling to keep up.
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