• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » The Most Valuable Resource - People - Is Declining Globally

The Most Valuable Resource - People - Is Declining Globally

March 10, 2017
SupplyChainBrain

In the years ahead, the future labor supply will shift to undeveloped regions of the world that are less educated and less technically skilled. Planning for this talent shift will be essential for the future supply chain.

Southern Asia and sub-Saharan Africa are the only regions in the world where the trend is opposite. In fact, it's estimated that by 2035 the number of workers joining the working-age population from these regions will exceed the rest of the world combined.

This means that the majority of available future labor will come from less developed nations with less education, resulting in lower technical skills.

Talent planning for the future supply chain must include programs to address the shortage of talent, as well as the shift in geographical location of labor. In the future, social and technical sciences will converge to ensure that limited resources are maximized. Three areas are emerging that will impact how the supply chain operates in 2025: talent science, social knowledge networks, and the augmented workforce.

Talent science is an emerging area where companies apply advanced analytics to identify attributes of the most successful employees. The process should become mainstream by 2025. This data can be used to drive training programs and to predict success when hiring. Statistical models, such as for flight risk, are already embedded in packaged human capital management applications. In 2013, HP estimated its flight risk indicator applied to 330,000 employees would save approximately $300m.

Social knowledge networks will become integral to how workers interact in 2025. External social knowledge networks (such as Wikipedia, Facebook and Instagram) are booming today as a source for accessing and sharing information, but solutions deployed for use within businesses have yet to catch on. Roughly 10,000 baby boomers a day are retiring along with much of the supply chain's "tribal knowledge." Taking their place are millennials accustomed to the information access and social networking that's available outside the office and they expect the same capabilities in the workplace.

By 2025, humans and machines will coexist, resulting in an augmented workforce where machines enhance worker knowledge and decisions. For example, augmented reality exists today where service technicians can visualize a repair operation in the field. This has huge benefits for global service operations unable to deploy talented resources to every location of a piece of equipment. Humans may struggle to determine their role versus the machine, leading to a significant change management challenge. Supply chain executives should prepare now for a world where roles start to blend and boundaries are much less clear.

The Outlook

Recruitment, retention and development are challenges for most supply chains. For millennial recruits, it’s even harder. Retention, generational impatience, and integrating their communications styles are all challenging. In addition, supply-chain leaders find it difficult to recruit against the likes of Apple, Google and Facebook, especially in the hot field of data analytics. Therefore, establish a strong brand for your supply chain with key schools. Develop deeper relationships — including internships and labs/projects with students.

RELATED CONTENT

RELATED VIDEOS

Education & Professional Development Global Supply Chain Management HR & Labor Management Food & Beverage
KEYWORDS Education & Professional Development Food and Beverage Global Supply Chain Management HR & Labor Management Supply Chain Analysis & Consulting
  • Related Articles

    Judging by Global Flow of Trade, Capital, Data and People, the World's Connectedness Is 'Declining'

    As Important as CRM Is, It's You and Your People Who Most Affect Customer Relationships

    People Are Our Most Important Asset ... Ha!

SupplyChainBrain

100 Great Supply Chain Partners Issue 2009

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: Pfizer Plant Cited for Quality Issues; Vaccine Maker Warns of Raw Materials Shortage

    Coronavirus
  • China

    China’s Tech Revolution Aims to Cut Dependence on West

    Technology
  • Walmart

    Walmart Embraces a Local Fulfillment Model for Grocery

    Logistics
  • Shipping Logjam

    U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

    Coronavirus
  • How Can E-Commerce Retailers Compete?

    Smaller E-Tailers Weigh Pros and Cons of Fulfillment by Amazon

    Logistics

Digital Edition

Scb feb 2021 lg

2021 Supply Chain Management Resource Guide

VIEW THE LATEST ISSUE

Case Studies

  • Remote Implementation: A Dose of the Right Medicine for B2B Pharmacy

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

Visit Our Sponsors

6 River Systems ArcBest Armada
aThingz BluJay Burris Logistics
DSC Logistics DCSA (Digital Container Shipping Association) DHL Resilience360
Genpact Geodis GEP
GreyOrange Honeywell Intelligrated Infor
Inmar Kibo Commerce Logility
Magnitude Software MPO Old Dominion
Oliver Wight OpenSky Paccurate
Ports America Purolator QAD Precision
Red Classic Riskmethods Snapfulfil
TGW Systems Tradepoint Atlantic Transportation Insights
Watson Land Company Westfalia Technologies Workjam
Yang Ming    
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2021 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing