Moving forward on the talent crisis: educate, collaborate, innovate
by Daniel Stanton, Vice President of Education and Professional Development
As the U.S. economy was beginning to recover in 2010, researchers at the MIT Center for Transportation and Logistics were having a busy year. They published a number of studies looking at trends and technologies transforming global supply chains.
Mixed in among these publications was a white paper with a shockingly personal and simple title: “Are You Prepared for the Supply Chain Talent Crisis?” Not exactly a question most expected to see at that point in the economic cycle.
Not long after that, the Wall Street Journal published an article with a catchy headline: “’Lightning Bolt’ Led Caterpillar to Look Outside.” The article chronicled how a shortfall in the $60 billion company’s pipeline for talent forced it to hire external candidates to fill top supply chain roles.
The story was newsworthy precisely because Caterpillar has a very strong focus on talent development and for promoting executives from within.
Click here to read the full article in MHI Solutions.
