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A Guide to Supply Chain Job Growth in 2023

Posted by [email protected] on Feb. 7, 2023  /  Subscribe 0

The global supply chain industry size is currently valued at $15.85 billion as it is in high demand. It is also expected to experience a CAGR of 11.2% from 2020 to 2027.

The supply chain industry is a booming career that many people choose to join. If this is something you are considering, you may want to know about supply chain growth.

Many people make the mistake of entering a career path without understanding job growth. This predicts job opportunities and your ability to receive competitive pay.

Keep reading to find out more about supply chain job growth in 2023.

What Are Supply Chain Careers?

Supply chain and logistics are industries that are crucial to other industries. You will see this industry in a business, government, and many other areas that require this kind of service.

Supply chain management is used to explain the oversight of products and services in a company. Those who work in supply chain management oversee creation, production, transportation, and storage.

As you can see, supply chain jobs oversee just about everything. It also helps to track and record financial data, implement new procedures, and oversee business processes.

Almost every part of business operations is somehow connected to supply chain jobs. That is why supply chain management is considered to be in high demand at all times.

Some supply chain job opportunities that you may see are demand planner or inventory analyst. This includes materials manager, production planner, and other managerial job positions.

Is the Supply Chain Growing?

The demand for supply chain careers is almost guaranteed to always be needed. This is because so many industries depend upon these types of jobs getting done.

Here are a few supply chain statistics for 2023 that you should consider when looking at these careers.

• 57% of companies believe that supply chain management gives them a competitive edge.
• Supply chain accuracy is 63% on average for retail operations.
• 79% of companies with supply chains have greater growth.
• 53% of organizations plan to focus on sustainable sourcing in supply chains.

These are just a few statistics to show what supply chain job growth can be expected in 2023. These industries will certainly continue to need these services no matter what happens.

But there is going to be a strong focus on better accuracy, faster service, and more sustainable sourcing.

Is Supply Chain a Good Career?

If you are looking for job opportunities, you may not know what career path to take. Supply chain job growth makes this career one of the best you could break into.

But why are supply chain jobs ideal for those looking to enter the workforce? There are several reasons why you may want to choose this career path and polish up your experience.

Competitive Salary

One of the best benefits of supply chain jobs is the competitive salary. In 2021, the median annual pay in the US was $37.03 per hour.

Statistics show that even the lowest 10% earn $45,160 a year, with potential earnings going far above that. These numbers show that there is a lot of room for salary growth in this field.

There is room for you to learn and grow so that you can receive a higher salary. You also have the potential to take the experience you have to take advantage of other supply chain jobs that pay better.

In-Demand Positions

The demand for those in the logistics and supply chain industry is very high. This is a type of job that is required in most regions and even offers international travel options.

You are very likely to find a job locally so that you do not have to move. There are a few hotspots where these jobs are more plentiful, but you should find plenty no matter where you are.

There are also jobs available in a variety of different industries. You can find supply chain work in logistics, small businesses, big corporations, or nonprofits.

The job options are limitless as long as you have the education and skills to do the work.

Job Flexibility

Because there are so many types of jobs to choose from, you have flexibility. You can work a certain job and eventually move up to another level when you have the skill.

You can also take skills from that job and use them to get another supply chain job. These types of skills are interchangeable and can help you to get higher-paying jobs as you learn.

There are also abundant internship opportunities for those aspiring to enter this field. These paid internships open the door so that when you are ready, a position will most likely be available for you.

Low Barrier Entry

One benefit of logistics and supply chain jobs is they are relatively easy to get. You don’t usually need an advanced degree or specialized training to land a high-paying job.

Some roles may require this, but all you usually need is a bachelor's degree. You may even be able to find some positions available with only an associate's degree.

Overall, this gives you a better opportunity to land a high-paying job even if you don’t have extensive education in that area.

Supply Chain Job Growth in 2023

If you are looking into supply chain jobs, you may want to know if this is a good career path. Supply chain job growth in 2023 is expected to continue even as the goals for certain industries change.

Do you want to become more experienced in supply chain work for 2023? Contact us today at ASCM Houston Chapter for access to memberships and training.

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