2024 Salary Survey: How Does Your Yearly Income Stack Up?

As global supply chains continue to transform, use more technology, and address new challenges, the professionals who run these networks play a critical role in shepherding goods from the point of raw material right out to the end consumer. As the conductors of this complex orchestra, supply chain and logistics specialists streamline the flow of goods, reduce costs, improve customer satisfaction, manage risk, and help their organizations gain strategic advantage.

The complex supply chain environment demands a skilled and dedicated workforce that, of course, deserves fair compensation for its efforts. To learn more about the key salary trends, job challenges, and career satisfaction shifts in the industry, Peerless Research Group (PRG) and Logistics Management recently conducted their 2024 Salary Survey. More than 240 respondents shared their insights for the survey, which revealed several interesting trends currently taking place in the supply chain and logistics field.

Inside the salary data

Most of this year’s survey respondents work in the manufacturing industry (44%), including food, beverage, and tobacco (18%), automotive and transportation equipment manufacturing (11%), and industrial machinery manufacturing (10%). Others work for third-party logistics providers (12%), distributors (10%), retail trade (9%), and wholesale trade (9%).

Twenty percent of this year’s survey respondents work for companies with less than $50 million in revenues, 15% for organizations with $50 million to $99.9 million in revenues, and 14% for companies in the $100 million to $249.9 million range. Seventeen percent of respondents work for organizations with $2.5 billion in revenues and 9% for companies in the $1-billion to $2.49-billion range.

Supply chain and logistics professionals working in the manufacturing sector earn the highest average annual salary of $123,450, while those working for 3PLs earn $107,900, distributors $107,500, and consulting firms $102,200. On average, supply chain and logistics professionals expect to earn $121,150 annually in 2024, with the median salary being $100,000. These salary levels are both consistent with 2023’s survey results.

This year, 25% of supply chain professionals will earn between $150,000 and $249,999 annually, while 18% will earn $120,000 and $149,999, 11% earn between $100,000 and $119,999 and 9% say their annual salaries will land somewhere between $80,000 and $89,999.

To read the full results of the 2024 Salary Survey, visit Logistics Management.