Subscribe to our free, weekly email newsletter!


Logistics Managers may be in short supply before long

Experts said the brand perception of the industry needs re-invigorating and it is also seen as one of the most poorly paid and least diverse to work in
By Patrick Burnson, Executive Editor
March 31, 2012

A new report has warned the global transportation and logistics industry (T&L) is in urgent need of a radical transformation by 2030 if it is to stay competitive.

In Winning the Talent Race, Volume 5 of PwC’s Transportation & Logistics 2030 series, experts said the brand perception of the industry needs re-invigorating and it is also seen as one of the most poorly paid and least diverse to work in.

PwC created 15 theses which were presented to a panel of 94 senior executives from 24 countries working in business, government and the scientific arena. Over the course of eight weeks they studied the hypothesis and were asked to assess the probability of each one on a scale of 0-100 percent.

“These findings are hugely significant for the T&L sector showing us what must be done before the industry falls into a critical state,” said PwC’s global T&L leader, Klaus-Dieter Ruske.

Poor image, poor pay and poor prospects are all perceptions that currently choke the industry. The reality is that there are rewarding, multinational opportunities out there that need tapping into.”

Panelists also predicted pay would continue to be low in the majority of jobs in comparison to other industries. In the UK for example, the average salary of someone in finance could be £51,620 but in T&L it’s £28,022 – 46 percent less. In the U.S., a worker in the electricity/energy sector could earn $65,150 on average, but in T&L this would drop to $43,400.

Klaus-Dieter Ruske came to some of the same conclusions drawn by scholars and executive recruiters participating in our annual Salary Survey:

“T&L companies need to take a critical view of their remuneration systems,” he said. “They should benchmark their salaries against their peers and other industries and recognize salary alone isn’t the only way to compensate employees.”

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The standard tools of B2B integration--EDI, VANs, translation software--have been around for more than two decades. In IT years, that's many generations of technology you've potentially missed out on if your organization is still using the same B2B integration solution it started with.

According to the report, this option will be made available in 14 metropolitan locales in the United States and will not come with an extra fee for Amazon Prime members.

DHL said this investment is being made to meet customer needs for ongoing growth in international e-commerce and global trade and will also provide more gates to accommodate additional aircraft, warehouse space, and new equipment to provide more capacity for sorting shipments and for unloading and reloading planes.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in March dropped 5.3 percent annually to $96.1 billion.

U.S. carloads were down 9.1 percent annually at 273,387, and intermodal volume was up 4.3 percent annually at 281,090 containers and trailers.

Article Topics

News · Global · Management · Logistics · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA