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Is your supply chain ready for the future?

4/8/2019

Is your supply chain ready for the future?

The way the supply chain works has changed rapidly in recent years, and the process only continues to evolve. That's true not just across the U.S., but around the globe, and companies in the logistics sphere have to be prepared to adjust quickly to changing situations throughout the sector.

One of the big frontiers in this regard is the expected widespread adoption of technology to automate various processes in the supply chain; altogether it's believed that some 75 million existing jobs worldwide will vanish as a result of automation. However, in that automation revolution, the supply chain is expected to actually add about 133 million jobs with new titles or roles within the next three years.

This is to say that, even with tens of millions of jobs being eliminated in one regard, the net gain throughout the supply chain as a result of automation should easily eclipse the losses.

Big opportunities
However, those added jobs will likely only come for companies that are prepared to embrace the future of the warehousing and supply chain sectors; estimates are that despite the widespread creation of jobs around the world, there will be some 2.4 million open positions in the field that go unfilled from 2018 to 2028 because of a lack of qualified candidates. And while there will be greater use of augmented- and virtual-reality training applications to get workers up to speed with the new tasks they're asked to perform, these may only be part of the true solution to the potential skills gap.

In the past, companies may have been reluctant to adopt such technologies simply because there was relatively little clarity about where tech growth and adoption would go from top to bottom of the supply chain. With more data collection and therefore better visibility, it is now much clearer what comes next, giving crucial - and actionable - insight into where logistics companies have to focus their growth efforts.

Meeting challenges
One of the biggest issues in dealing with the talent shortage within the warehousing sector - and the supply chain as a whole - is that many workers involved in them are relatively close to reaching their retirement ages, and companies may struggle to replace those workers in particular. In addition, the new roles being created in these sectors also demand that companies develop leadership qualities from top to bottom of their organizations. This will not only help companies work more efficiently internally, but also when dealing with their various partners in the supply chain to make sure they encounter as few hiccups as possible.

To learn more about the present and future of the coming talent disruption in the supply chain, sign up for our upcoming webinar, "Is the Supply Chain Ready for the Future?" EmployBridge CMO Joanie Courtney, a widely recognized expert in both staffing and the American job market, will host the event on April 10, from 1:30-2:30 p.m. Eastern. You can also sign up to receive EmployBridge's white paper on the subject for an in-depth look at the issue.

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