A new report from the Association for Supply Chain Management (ASCM) found that career fulfillment amid supply chain professionals remains high.
The 2023 Supply Chain Salary and Career Report, released May 10, found that 96 percent of respondents plan to remain in their field for the next five years.
“Industries across the board have been facing economic headwinds over the past year, but we are happy to see that amid the turmoil, career satisfaction remains high among supply chain professionals,” ASCM CEO Abe Eshkenazi said. “These past few years have highlighted to the world the importance of a properly functioning supply chain. It is crucial that professionals feel recognized and rewarded for the hard work they put in to ensure operations run smoothly from start to finish.”
Additionally, the report found that salaries for supply chain professionals continued to rise. The median salary was $98,570 including based and additional compensation, the report found, which is a 3 percent increase over last year. The report also found that entry-to-mid-level workers (with less than 10 years of experience), also received salary increases in the past year.
The report also shows that while the pay gap between men and women remains, women in entry-level positions earn more than their male counterparts. However, the pay gap continues to exist for those in higher level positions. The inequity is particularly severe in private companies at 10 percent, the report said, while substantially smaller at public companies (at 4 percent). Research also found that the pay disparity between black and white supply chain professionals narrowed by 4 percent, down from 14 percent in 2022. The report said that while the changes are encouraging, work still needs to be done as white compensation appeared to be higher overall at private companies.