Feb 22, 2022

CGP Insight | Supply Chain Management Talent Faces Shortage

COVID-19 continues to affect the world, Global supply and demand relations continue to be affected by sudden interruptions. This indicates that the global economy remains uncertain,With the change of international political relations, global supply chains will be restructured in depth and breadth. A " Great Change " Campaign on Global Supply Chain, global Regionalized Supply Chain System is Restructuring.


Supply Chain Management is the Key to the Normal Operation of Global Trade, it is also the deficiency of the global supply chain after the outbreak of the epidemic. The complexity and globality of supply chain leads to its weak risk resistance, supply chain management can effectively improve the flexibility and anti-risk ability of supply chain.


A sharp rise in international shipping prices, under the influence of COVID-19, global market demand is high and low, causing market turmoil, uncertainty of global market demands triggers huge supply chain volatility, surging raw materials, labor costs, and logistics costs, in the business operation management, put forward higher requirements, the demand for supply chain management talents continues to grow, at the same time, with the emergence of emerging technologies such as artificial intelligence, big data cloud computing, blockchain and 5G,enterprise supply chain management will usher in more opportunities and challenges. 


The impact of the epidemic fades, global trade is recovering 

In 2021, the victory of epidemic prevention and control in China brings more advantages, economic and social activities and commodity and service consumption of residents will be fully restored to previous normal levels, economic growth has returned to the pace of ' China ' s rapid development ' ,at the same time, it also drives the demand for supply chain management talents.


Globally, more and more trade take place on the Internet, Cross-border E-commerce Growth as an Important Power to Stabilize Foreign Trade, supply chain management can help cross-border e-commerce to achieve systematic planning, in the environment where global trade is gradually improving, through the supply chain management, realize the enterprise income promotion and stable growth.


Global Semiconductor Capacity Shortage Brings Limitations, intelligent transformation of traditional industry factories delayed, most companies choose to introduce supply chain management, to adjust supply chain structure in this way, to achieve the purpose of profit increase, this has become another choice for traditional enterprises to upgrade their industries. Supply chain crisis still exists, supply chain transformation demand increased


At this stage, the global supply chain dilemma cannot be solved in a short time, taking the United States as an example, sustained inflation has created many years of historical records. In September 2021, CPI inflation rate and core CPI inflation rate were 5.4 % and 4.0 %, respectively, which were close to the historical high of 30 years. The above situation will be improved in 2022.


When the global trade out of the adverse effects of supply chain shortage, consumer demand in global markets is fully released, global trade will be further developed, followed by the global scope, enterprises for supply chain management more intensive demand.


In addition, in 2022.the global carbon neutralization system will be accelerated, under the Carbon Neutralization Plan, originally costless air becomes an important factor of production. Taking China as an example, to achieve emission peak in 2030, if implemented as planned, the cost of the entire manufacturing industry will increase by about 20 %. The cost increase brought by the upgrading of the supply chain urgently needs the help of supply chain management.


Global market demand, a huge talent gap

No matter domestic market or global market, supply chain management talents are urgently needed in any field. According to statistics, the domestic supply chain talent gap of 4.3 million people. Some world ’ s top 500 enterprises and domestic large enterprises have established their own supply chain management centers. More enterprises realize that the growth space brought by strategic cooperation in supply chain management is infinite.


According to Norman Lau, the general manager of Shanghai office of CGP Group and the head of recruitment team in supply chain management industry.' For enterprises, the global market recovery is both an opportunity and a challenge. When the core competitiveness of enterprises in the field of transnational trade becomes supply chain management, the demand for talents in this field will rise linearly, and the subsequent global shortage of talents will be further amplified.


In the 21st century, the competition of enterprises is actually the competition of supply chain. Through supply chain management, enterprises can form their own core advantages. The reserve of high-quality talents in supply chain management is the key. While continuing to absorb high-quality talents in the market, they should also have the ability to cultivate talents in supply chain management.


Although the supply chain management industry is in serious shortage at present, from the perspective of the whole industry development, it is still in a stage of development. The supply chain management theory is also developing, and the skill requirements for talents will be higher and higher. For job seekers, maintaining the knowledge update of the supply chain management industry will help to obtain bargaining power in the talent market.