Supply Chain Careers Deliver Satisfaction, Cash, and Growth Opportunities: ASCM Report

The 7th Supply Chain Salary and Career Report from the Association for Supply Chain Management (ASCM) has indicated that supply chain jobs are highly satisfactory and opportunity-filled, with professionals experiencing a significant 8% growth in average salaries compared to the previous year.

The report, which is based on insights gathered from 5,435 supply chain professionals, with 42% classified as staff or associates, 40% as managers, 10% as directors, and 1% holding CEO positions, among others, stated that the median salary has reached a record high of $103,000, with many professionals enjoying additional remuneration in the form of cash bonuses (64%) and profit sharing (13%).

Shedding light on the growing significance of credentials in the industry, the report shares that professionals holding degrees command a salary premium of $25,000 above the national average. Moreover, those with supply chain credentials earn a median salary 10% higher than their non-credentialed counterparts.

Douglas Kent, EVP of corporate and strategic alliances at ASCM, highlights the shift towards prioritizing credentials over academic training, attributing this trend to increased investment in technology and the proliferation of emerging technologies in the supply chain arena. Kent emphasizes the importance of staying abreast of new technologies, citing ASCM’s recent additions of supply chain technology and supply chain resilience certificates to their portfolio.

The report also emphasizes the growing impact of artificial intelligence (AI) and other emerging technologies in the workplace, stressing the need for a combination of technical and emotional intelligence skills to navigate the evolving supply chain landscape effectively.

Despite challenges posed by technological advancements, job satisfaction remains high, with 60% of respondents rating their careers at eight or higher on a 10-point scale. An overwhelming 81% express their intent to stay in the supply chain field for at least the next five years, with 85% taking pride in their work and 58% feeling valued by their organizations.

For those considering job transitions, the report indicates ample opportunities, with 29% of job changers securing new roles within a month of seeking alternatives.

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