Artificial intelligence. Digitalization. Transparency. Supply chain management is being rapidly disrupted by technological and social changes. Companies are under increasing demand to respond to the pressure of what’s become known as the ‘Amazon Effect’ – where the goliath is raising expectations of how quickly products can be delivered and how cheaply.
As recently as 2017, a typical supply chain accessed 50 times more data than five years earlier. Yet, less than a quarter of this data is being analyzed. Supply chain leaders of the future will focus on harnessing the power of this data to understand and predict how external factors affect supply chains in real time – from labor shortages and adverse weather conditions to political unrest and spikes in demand – to maximize operational efficiency and gain a competitive advantage.
For ambitious professionals in this sector, they can expect an average career growth of 25.5% over ten years according to a study by CNN Money. DSJ Global had partnered with the Institute of Supply Chain Management (ISM) in hosting networking events and panel discussions to discuss the challenges and opportunities for future talent in the industry. To address these trends and the talent pipeline, organizations such as the Association for Supply Chain Management, the largest non-profit association for supply chain, connects companies around the world to the newest thought leadership on all aspects of supply chain.