The Talent Gap

The Talent Gap

What It Is, Why We Have It, and Some Simple Ideas to Fill the Gap

Rising Demand

Mind the GapAt recent supply chain user conferences, a major concern for many companies was the talent gap in supply chain. This is an urgent issue for corporations to address, since the gap stymies growth, dampens innovative ideas and programs, and limits problem solving on a day-to-day level.

Supply chain talent shortages plague organizations from the executive level to the shop floor and right into the customer’s home. And the problem is bound to get worse. Globalization is quickening the demand for more supply chain personnel as more developed nations enter and compete on the world stage and hunger for world-savvy talent. Most interestingly, our changing lifestyles are turning consumers into same-day delivery, mobile shoppers, taxing the logistics and merchandising prowess of even the largest corporations. And the sheer increase in population, forecasted to increase by a whopping billion in the next eight years, plus a growing middle class of consumers, increases demand for a larger range and availability of products. In the broader U.S. job market we are at nearly full employment, so with that as a backdrop, it is no wonder we have a shortage.

At a recent Logility conference, there were many exclamations from attendees about talent shortages at their companies and the impact this is having on the organizations, abilities to achieve their goals. It was noted that almost every organization stated they had job openings.

What is the Talent Gap?

So, just exactly what is the talent gap and what are some things we can do about it now? The talent gap can be defined in a few ways:

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