Are You Able to Find The Right Supply Chain Talent?

Everyone knows that a company cannot function without the right people to ensure the smooth running of its operations. A successful team requires leadership and experience, with fresh talent and entry level people to train up who will in turn, fulfill managerial positions.

However, the supply of talented individuals across the globe seems to be falling short with over 93% of CEOs admitting that they recognize the need to change how they find and recruit new employees.

Over the coming years, companies face a threat to their senior level executive numbers from a number of angles. An aging workforce is going to contribute significantly to this loss of executives because many will reach retirement age over the next 10 years.

While companies are expanding globally at an almost exponential rate, they’re struggling to recruit enough talent to match their demand either because of competition or the difficulty in finding specifically skilled individuals in emerging countries.

This is a very real problem for companies across the globe in terms of supplying the right talent to keep commercial operations running efficiently. The issue will have a significant impact on Europe where the labor gap is expected to reach 8.3 million by 2030.

Although priorities are often on increasing profit margins or refining process to improve performance, any CEO needs to be focusing on recruiting the right senior talent, and focusing on it now in order to avoid the significant drop in executives when it happens.