The pandemic immensely disrupted businesses and exposed the weaknesses of supply chain management. From stocking essentials to delivering products – the whole process from the field to the consumer was disrupted to a large extent.
That’s not all! Apart from the pandemic, the supply chain scenario, is also greatly affected due to technological advancements. Most supply chain managers are struggling to establish an end-to-end process due to a lack of knowledge and skills in the latest technology. It’s high time that professionals upskill and reskill themselves if they want to thrive in the industry ahead.
Industry Demand/Supply for Supply Chain roles
As per research by Technavio, a leading market research company, the logistics market across borders is set to grow by USD 44.6 billion through 2021-2025. The supply chain has been reformed and redefined since the pandemic and now is set to grow rapidly. India’s logistics sector, which is currently at $250 million, is expected to grow by 10-12 % CAGR as its demand increases.
Piyush Sharma, VP-Business of Locus sheds light on what the logistics sector would look like in 2022. “Moving forward, while supply chain resilience and green logistics continue to be vital for supply chains, brands will also invest a lot in automation and technology to plan and manage last-mile fulfilment more cost-efficiently.”
This implies that, there will a huge demand for skilled professionals, one who can drive the business successfully. And to meet the employer’s requirement and in order to stand out from the rest, professionals should craft and develop the necessary capabilities.
Since the Industrial Revolution in Britain in the 18th century, machines gained prominence and led to transforming the employment scenario. It led to new skillsets being born as the demand for production increased with machine usage. Over the years, the face of manufacturing and production has changed and given rise to the current supply chain. Similarly, with automation being introduced in the supply chain, it will lead to a new understanding of the employment of skilled workers who can coexist with technology while reaping its many benefits. Technology may be the new driving force, but strategic planning has a humane aspect to it, thus explaining the need for skilled professionals.
Career Opportunities For Supply Chain Professionals
Supply chain is a dynamic industry with a wide range of career options. Employment of logisticians is projected to grow 30% from 2020 to 2030.
We have put together the various career paths that exist within the field of supply chain management. This may help you understand what to consider when evaluating and selecting the right supply chain career path for you.
– Supply chain manager
– Purchasing manager
– Warehouse manager
– Storage and production manager
– Supply chain analyst
– Operations manager
– Logistics analyst
Data-driven roles are also in high demand in the supply chain industry. According to Dr. Cynthia Kalina-Kaminsky, a supply chain expert, “data analysis and management is one of the most popular career options within supply chain management since all of the processes involved in serving consumers have to be data-driven to be effective”.
Key Points:
Technology have the potential to simplify the process and maximise the benefits. It is bound to change the employment scenario, and those with relevant technological skills will be able to thrive in the industry.
Supply chain management is a highly lucrative field owing to its huge demand. Employment of logisticians is projected to grow 30% from 2020 to 2030. In fact, Supply chain managers earn up to 13 lakhs per year on average.
Salary Profiles for Supply Chain Professionals
Supply chain management is a highly lucrative field owing to its huge demand. Supply chain managers earn up to 13 lakhs per year on an average, according to salaries estimated on Glassdoor. However, these could be as high as 35 lakhs per year, depending on the employer firm and experience.
Benefits of a Professional Certification
Keeping the above scenario in mind, executive education is rapidly transforming and focusing on the skills of the future. And when it comes to upskilling in supply change management IIM Indore’s Executive Programme in Operations and Supply Chain Management (EPOSCM) is undoubtedly one of the most prescient programs in the country.
This one of a kind programme is designed for working professionals who wish to upgrade their career in this field. It is crafted keeping in mind both the practical and theoretical aspects of OSCM. It also aims to teach the application of theories and concepts in the field. Moreover, it emphasises on emerging trends and what tools and techniques can be used to enhance performance.
The programme employs innovative ways of learning including interactive lectures, case studies, group work and writing. The course modules are interdisciplinary and wide-ranging across the spectrum. Moreover, the courses are designed bearing in mind the technological influence and its usefulness in the future. Certain modules are designed on analytics, future trends and social responsibility, which are pertinent in current times. These courses are taught by top faculty in the country who are industry experts and have relevant experience.
The programme duration is 12 months and is largely conducted online with evening sessions on Saturday. It also involves 3 days of campus immersion at IIM Indore during the year. It is a perfect blend of online learning and offline campus visit and networking so that one is able to learn from the comfort of their home while also getting a chance to visit offline.
The programme is ideal for working professionals who have a full-time job but would also like to learn essential skills to stay up to speed with the field. It is also one of the top programs in the country, with top-notch faculty and an impressive cohort. Additional perks include being a part of IIM Indore’s alumni connections.
To know more: https://timestsw.com/course/iim-indore-executive-programme-in-operations-supply-chain-management/
