Labor Concerns within the Supply Chain Field
By Jim Tompkins
CEO Tompkins International & MonarchFx
There seems to be a big talent gap in supply chain – how can we solve for it?
The talent gap in the supply chain field is a huge problem. This is due to the supply chain being a difficult field to train people in. The reason for this is the breadth of the field (Plan-Buy-Make-Move-Distribute-Sell) and the complexity and interrelationship of these six mega-processes. The talent gap is not going to be solved by moaning and groaning or trying to hire the perfect candidate. The talent gap will only be solved when we accept this as a major responsibility of development. Therefore, you must hire the best candidates you can find and invest in developing them, grow your own talent.
What impact does the labor shortage have on the growth of eCommerce?
The shortage of labor increases the cost of logistics labor and makes the justification of automation easier. A challenge here is the need to store product close to the customers for better delivery costs. This may result in more fulfillment locations, lower volumes, and difficulty in justifying automation. Thus, the opportunity for multi-tenant, distributed logistics highly automated, scalable solutions such as, MonarchFx.