Spend Matters welcomes this guest post from Richard Lebovitz, President and CEO of LeanDNA, an analytics platform for factory inventory management.
Last year’s coronavirus disruption was quite a time for the supply chain. As if 2020’s supplier shortages, factory shutdowns, demand changes and excess inventory weren’t enough, new challenges affecting the workforce are emerging due to furloughs, remote work and more. The result is low productivity and morale, as well as high turnover. Couple this with an already aging workforce, and the industry has a problem in terms of talent.
Despite looming economic uncertainty, 41% of supply chain professionals are unlikely to stay with their current employer over the next few months in pursuit of better opportunities for career progression, according to a report by the recruitment agency DSJ Global.
Facing a potential talent exodus, industry leaders can leverage technology to boost productivity when operating with a smaller workforce. Empowering the team with tools that make their day-to-day easier and open them up to be more strategic also positively impacts morale, retention and employee happiness.
