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 wave that heavy e-commerce activity currently rides is not close to crashing anytime all that soon. And with that comes a heightened focus on the logistics-related aspects of e-commerce, specifically on the last-mile side of things.

Conveyors, shuttles and robots were on display, but as with last year's Modex, software is where the action is in today’s materials handling industry.

When assessing areas of risk facing their departments, nearly half (45%) of Chief Procurement Officers named supplier risk as a top concern, according to a new survey by Consero Group.

2014 was a very good year for the Port of New Orleans, and officials there are forecasting an even more robust cargo scenario in 2015.

Many material handling systems used today are beginning to show their age. What were once considered brand new systems are now deteriorating and fighting to stay current.

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