Supply Chain Talent Gap is a growing concern

As the 2015 MHI Annual Industry Report details, accelerating technology and innovation is leading to dramatic supply chain transformation. As supply chains become ever more complex systems to manage, hiring and retaining the talent it takes to manage them becomes a critical business advantage.

In the midst of this shifting landscape, some businesses are emerging as supply chain leaders, while others are followers. Increasingly, the difference comes down to the talent it requires to manage these more complex, next generation supply chains.

A recent report from Deloitte titled Supply Chain Talent of the Future, examines this issue. The report found that only 38 percent of executives say they are extremely or very confident that their supply chain organization has the competencies it needs today.

Other findings from the survey include:

–24 percent of respondents from manufacturing firms report they are currently using 3D printing in some form; another 21 percent expect they will do so within the next three years

–More than 70 percent of executives said either that their companies currently use or expect to use 12 of 13 fast-evolving technical capabilities asked about in the survey; but, out of eight technical competencies asked about, only two were considered strengths by a majority of respondents

–Only 43 percent of respondents considered their supply chain organization to be excellent or very good when it comes to “strategic thinking and problem solving.” However, 44 percent believe their organizations will be able to put the required knowledge, skills and abilities in place.

Leading supply chain organizations are excelling in many areas, showing the way to success. Their abilities and willingness to embrace key talent practices are producing organizations capable of great things—and enabling them to post performance numbers that, to their organizations’ top management.

Download the report.