Logistics and supply chain management consist of multiple roles. Distribution specialists, supply chain managers, supply chain analysts, logistical analysts, operational managers, and purchasing agents are a few among them. Their day-to-day task revolves around logistics analysis, distribution, quality control, import, and export. Supply chain management as a career would be out of sight for many. However, by pursuing a career as a supply chain professional, you will be contributing to an integral part of an industry.
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Here are 11 Reasons to Consider a Career in Logistics & Supply Chain Management
Relatively Low Entry Barriers
Getting an entry-level opportunity in the field of logistics and supply chain is easy compared to other fields. Typically, someone with a bachelor’s degree and a specialization can easily bag an opportunity in the market.
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Competitive Salary
Supply chain professionals are paid handsome salaries right from the entry-level. According to Glassdoor, the salary of a supply chain professional can range from 8 LPA to 27.5 LPA with an average pay of 16.5 LPA and 1,50,000 additional pay.
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Job Security
The demand for well-seasoned supply chain professionals is comparatively higher than the talent pool currently present in the market. As the supply chain plays an important role in the global economy along with changing market trends, the employees in these fields enjoy higher job security. According to LinkedIn, there are 29000+ jobs currently open just in India and 210000+ jobs in the US.
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Career Growth
According to a report by Precedence Research, “The global supply chain management market size was USD 28.60 billion in 2023, calculated at USD 31.77 billion in 2024, and is expected to reach around USD 81.93 billion by 2033. The market is expanding at a solid CAGR of 11.1% over the forecast period 2024 to 2033.” As the market grows, there will be more and more jobs in the market, leading to better career opportunities and growth.
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Networking Opportunities
A supply chain is managed and created by collaborating with different stakeholders, retailers, distributors, manufacturers, etc. This opens up the door to networking with a wide variety of people all over the world, which can provide support, insights, and opportunities throughout your career.
International Travel
If you like travelling, being in the field of supply chain management allows you to do so. Companies often send their professionals to meet other professionals or to attend conferences and meetings. In those conferences, you get to meet and interact with world leaders in the field. This can be a great perk in your supply chain management career.
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Skill Development
As a supply chain professional, you need to incorporate multiple new-age technologies into your supply chain to smoothen the process. For that, you need to have a good understanding of the technologies. While serving as a supply chain professional, you develop supply chain analytics and problem-solving skills along with leadership and communication skills that will help you throughout your career.
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Opportunity to Impact Businesses
To make a business successful, an effective and robust supply chain is required. Optimizing the supply chain either by reducing cost, improving operations, or implementing sustainable measures to create a sustainable supply chain can impact the business. As a supply chain professional, you directly contribute to the growth and success of the company.
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Opportunities for Global Exposure
As a supply chain professional, if the services and products are exported internationally, definitely it is you who will be responsible for coordinating with overseas professionals and teams. This will give you global exposure, thus making a direct impact on global trade and logistics.
Personal Satisfaction
With such a deeply rewarding job accompanied by a competitive salary, job stability, and security, you also get an option to explore the world by learning new technologies, cultures, and languages, for which professionals find personal satisfaction. This is one of the main reasons why many professionals choose to stay in this field.
Learn about Key Strategies for Supply Chain Risk Management (SCRM)
Experience Exclusive Technology
To enhance the supply chain, there is always a need for the introduction of new technologies that smooth the process and also make it easy for professionals. Nowadays, generative AI is being introduced by large MNCs into their supply chain. Companies send their professionals for conferences, meetings, and training so that they can upskill themselves and incorporate these technologies into the supply chain. Other technologies like blockchain, Big Data Analytics, and IoT Data Analytics are being widely adopted by the industry.
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Conclusion
We hope this article helps you gain knowledge of Supply Chain Management online course. If you are looking to learn Supply Chain Management course in a systematic manner from top faculty & Industry experts then you can enrol to our best Supply Chain Management course.