ASCM Report Reveals Strong Supply Chain Labour Market

Producing its Supply Chain Salary and Career Report 2024, ASCM discovered a solid job market and another year of healthy salary increases

Supply chain professionals are continuing to benefit from a strong labour market and exhibiting high levels of job satisfaction, according to the latest research from the Association for Supply Chain Management (ASCM).

A resounding 60% of respondents to ASCM’s survey rated their careers eight out of 10 or higher, while a significant majority (81%) plan to remain in the supply chain field for at least another five years. 

Additionally, a strong sense of professional worth was observed, with 85% taking pride in their work. 

Overall, the figures point to a strong sense of fulfilment and commitment among supply chain professionals worldwide. 

Supply chain salaries continue to rise

In producing its Supply Chain Salary and Career Report 2024, ASCM gathered the thoughts of more than 5,000 supply chain professionals from across North America and Europe. 

Researchers discovered that a solid job market is reflected in another year of healthy salary increases, with respondents seeing their average salaries rise by 8%.

The report found that the median compensation for supply chain professionals reached a major milestone – a record-breaking US$103,000. 

What’s more, those with degrees reported a significant salary premium of US$25,000 above the national average and individuals with at least one supply chain credential earned a median salary 10% higher than their non-credentialed colleagues. 

“It’s encouraging to see salaries in the supply chain sector continue their upward trend,” says Abe Eshkenazi, CEO at ASCM. 

“Supply chains are the backbone of communities everywhere, and professionals must be rewarded for their hard work in keeping operations running smoothly and commitment to building a better world. The role of talent in fostering a resilient and efficient supply chain cannot be overstated.” 

Supply chain professionals have enjoyed another year of healthy salary increases

Hard and soft skills key

AI and countless other emerging technologies have, evidently, been permeating the workplace over the last 12 months and advancing at an unprecedented rate. 

Results from ASCM’s research shows that, to navigate the ever-evolving supply chain field, a blend of technical and emotional intelligence skills is crucial. 

Cloud computing remains the most commonly used technology, followed by AI chatbots, machine learning and robotics. 

On the soft skills side, critical thinking, collaboration and problem-solving reign supreme as key emotional intelligence strengths for success in today's supply chain landscape.

Additional findings include: 

  • Job seeking remains efficient, with 29% of respondents finding their new role within a month
  • Global working week for supply chain professionals leans towards balance, with almost three-quarters (72%) averaging 35-45 hours 
  • Salary gaps re-emerging, particularly among professionals with less than four years of experience

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