{"id":3899,"date":"2019-09-12T17:47:49","date_gmt":"2019-09-12T12:17:49","guid":{"rendered":"https:\/\/www.dilx.co\/insights\/?p=3899"},"modified":"2021-06-21T18:30:24","modified_gmt":"2021-06-21T13:00:24","slug":"supply-chain-skill-set-catastrophe-what-can-go-wrong-and-how-to-deal-with-it","status":"publish","type":"post","link":"https:\/\/www.dilx.co\/insights\/supply-chain-skill-set-catastrophe-what-can-go-wrong-and-how-to-deal-with-it\/","title":{"rendered":"Supply Chain Skill-set Catastrophe: What Can Go Wrong and How to Deal with It?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In logistics, it\u2019s all about goods? One might think so. But it is way more than that. It is about people and resources. This blog demonstrates it with absolute clarity: The success of transportation and logistics operators depends decisively on the quality and qualifications of its employees. It is likely that this prerequisite will not decrease, but increase in the future. Considering that, exactly this requirement for success already causes difficulties today. Qualified personnel determines the factors for the success and survival not only of companies but also of entire supply chains.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many young individuals, managers, and decision-makers do not consider the industry to be attractive enough to apply for a position in it. That is bad news. The good news is &#8211; every company whose managers are capable of remedying this existence-threatening situation, simultaneously open the door to the future. One important way to do so is through \u2018employer branding\u2019. For small and mid-sized enterprises, building a \u2018recruiting alliance\u2019 with peers can also have a major impact. Successfully handling the future entails things, which are weakly developed today, namely, adequate future awareness in the executive rankings, or implementation and regular use of techniques and tools of corporate foresight.<\/span><\/p>\n<p><b>Thriving in the World of Supply Chain Skill-Set Catastrophe<\/b><\/p>\n<p><span style=\"font-weight: 400;\">We live in times of terrible catastrophes and surprising structural breakdowns. The world is spinning faster than ten years ago. The race is on! Good employees aren\u2019t just a commodity anymore; they\u2019ve become an insufficient resource. A company\u2019s workforce is more than a certain \u2018headcount\u2019 or number of \u2018full-time equivalents\u2019. It\u2019s made up of people with a wide range of technical and soft skills and unique perspectives on their work and their employer. Diversity is increasing, with employees of different ages, genders and cultural backgrounds working together. That\u2019s a welcome development because mixed teams often perform better.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The starting position of transportation and logistics companies couldn\u2019t be better. They can offer their staff varied types of work, often in an international and cosmopolitan working environment. That should translate into popularity with job seekers. But the reality is somewhat different.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The transportation and logistics industry are confronted with an image that\u2019s less than ideal. Work in warehouses, on ships or in trucks and trains tends to be associated with unpleasant working conditions and a less than attractive career path. The next generation of talent isn\u2019t just concerned with salary and career development, they want to work for a company with strong values too. We need to mull over a few questions given below:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Will sector companies nonetheless succeed in capitalizing on their advantages and winning the best employees?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Will they be able to build a strong employer brand?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Will transportation and logistics companies be able to inspire them?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0How will they improve their recruiting, compensation and development strategies?<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\u00a0To get some answers, I&#8217;ve put together a holistic scenario.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Will transportation and logistics executives be standing in the winner\u2019s circle by 2025? &#8211; this paper by PWC local offers suggestions on how transportation and logistics companies can position themselves. One thing is clear: the race is a marathon, not a sprint. Talent management will need to be at the top of the agenda for transportation and logistics leaders for decades to come.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Studying this paper will help you get off to a running start in your company\u2019s own race for talent.<\/span><\/p>\n<p><a href=\"https:\/\/www.dilx.co\/dilx-orbit\/\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3900 aligncenter\" src=\"https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-SM_supply-chain-blog-ad.jpg\" alt=\"Dilx-SM_supply-chain-blog-ad\" width=\"728\" height=\"120\" srcset=\"https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-SM_supply-chain-blog-ad.jpg 728w, https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-SM_supply-chain-blog-ad-300x49.jpg 300w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/a><\/p>\n<p><b>Current Scenario:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The factor with the greatest impact on the talent shortage is changing job requirements. Today, an ideal employee has both tactical\/operational expertise and professional competencies such as analytical skills. More than 50% of companies say this combination is hard to find. But tomorrow\u2019s talent must also excel at leadership, strategic thinking, innovation and high-level analytic capabilities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most companies say \u201cperceived lack of opportunity for career growth\u201d and \u201cperceived status of supply chain as a profession\u201d as having a high or very high impact on their ability to find, attract and retain talent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From the viewpoint of a few companies, supply chain is as important as other disciplines. In contrast, most companies see supply chain talent\u2019s value in a situational context \u2013 i.e., either a commodity or corporate asset, depending on the level and position.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leading companies are working on the shortage problem. They are taking steps to create more robust talent pipelines, and develop their supply chain workforce \u2013 through a clear career path, education, cultural adaptation, talent development partnerships, and other means.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Take a look at some Talent Management Myths<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Talent management is HR\u2019s responsibility<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Talent can neither be measured nor managed<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">We cannot afford to spend on talent recruitment and development<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Talent development is primarily about teaching supply chain content<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A one-size-fits-all solution will work for talent development. Internal (or external) resources are always better<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Talent development will happen naturally and informally<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We are so far behind that we should give up now.\u00a0 In order to provide a broad perspective on supply chain talent development, we focused on below mentioned categories of talent management:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specific supply chain strategies are influenced by external parameters, business plan strategies and performance expectation as tactical supply chain strategies. (External parameters force to drive corporate-level business plans while performance strategies are shaped by business plan strategies)<\/span><\/p>\n<p><b>Top External Parameters<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Changing oil\/Raw material prices<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Government Regulatory Changes<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Increased competition from established competitors<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Spot shortages of key raw materials<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Changing customer requirements<\/span><\/li>\n<\/ul>\n<p><b>Business Vision<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Achieve high service quality<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Reduce the cost of purchased\/goods services<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Reduce internal costs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Realize synergies across divisions\/SBUs<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Improve flexibility and responsiveness to customer demand<\/span><\/li>\n<\/ul>\n<p><b>Tactical Supply Chain Strategies<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Achieve consistent cost savings from suppliers<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Ensure continuity of supply<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Improve the efficiency of the supply management function<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Improve all aspects of supplier performance year-over-year<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Acquire new value-adding technologies &amp; innovations<\/span><\/li>\n<\/ul>\n<p><b>Specific Supply-Chain Strategies<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Align supply-chain management with overall company goals<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Decrease the number of suppliers where leverage and admin efficiency are needed<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Employ a formal process to develop and manage supply strategies for important categories across organization<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Align supply chain management strategy with internal customer strategies<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Integrate business planning &amp; supply chain management process<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Recruit and\/or develop talent with specific technical or functional expertise<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Recruit and\/or develop talent with broad general management expertise<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use total costs to drive decisions<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Share supply chain market intelligence across units of the organization<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use multi-factor performance standards on suppliers<\/span><\/li>\n<\/ul>\n<p><b>Opportunities:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">What can transportation and logistics companies do to address talent issues and improve their human resource management and strategy?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are some of the suggested activities distributed under six key topics:<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-3904 size-full aligncenter\" src=\"https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-blog-infographic-01.jpg\" alt=\"Dilx blog infographic\" width=\"728\" height=\"1543\" srcset=\"https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-blog-infographic-01.jpg 728w, https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-blog-infographic-01-142x300.jpg 142w, https:\/\/www.dilx.co\/insights\/wp-content\/uploads\/2019\/09\/Dilx-blog-infographic-01-483x1024.jpg 483w\" sizes=\"(max-width: 728px) 100vw, 728px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Take a look at some of the traits that a Future Supply Chain Management Professional must have<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Proactiveness: Understand changes outside traditional supply management function<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Integrator: Balance needs both vertically &amp; horizontally<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Core Focus: Cost-efficiency from supply chain function<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Learn &amp; Share: Capture and utilize Supply chain related knowledge base<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In logistics, it\u2019s all about goods? One might think so. But it is way more than that. It is about people and resources. This blog demonstrates it with absolute clarity: The success of transportation and logistics operators depends decisively on the quality and qualifications of its employees. It is likely that this prerequisite will not&nbsp;<\/p>\n<p><a class=\"btn btn-style\" href=\"https:\/\/www.dilx.co\/insights\/supply-chain-skill-set-catastrophe-what-can-go-wrong-and-how-to-deal-with-it\/\">Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":3901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[197,196],"class_list":["post-3899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-white-papers","tag-dilx-orbit","tag-supply-chain"],"acf":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/3899"}],"collection":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/comments?post=3899"}],"version-history":[{"count":6,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/3899\/revisions"}],"predecessor-version":[{"id":4040,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/posts\/3899\/revisions\/4040"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/media\/3901"}],"wp:attachment":[{"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/media?parent=3899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/categories?post=3899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dilx.co\/insights\/wp-json\/wp\/v2\/tags?post=3899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}