The high rate of turnover aligns with the escalation of supply-chain woes in 2021. The pandemic led to shuttered manufacturing plants, backed up ports and rapidly increasing transportation costs. Those headaches have largely fallen to supply-chain managers to sort out, making their jobs far tougher — but also more lucrative.
LinkedIn, a division of Microsoft Corp., calculates turnover by analyzing member profiles to determine the number of people who left their jobs each month. The figure is compared with the average for 2016, which LinkedIn calls the “separation rate.” For supply-chain managers, the average separation rate increased by 28 per cent from 2020 to 2021, according to data compiled for Bloomberg. That’s the highest since LinkedIn started tracking the data five years earlier.
The number of openings for supply-chain managers on ZipRecruiter Inc.’s website more than doubled between January 2020 and March of this year, both because companies created more positions to deal with the crisis and because labour shortages gave workers more leverage to switch jobs, said Julia Pollak, the company’s chief economist.
The pandemic triggered a breakdown in “lean manufacturing,” the drive to lower costs that big companies had adopted in the decades prior. In practice, it meant that supply-chain managers had access to just enough staff, materials and trucks to fill average workloads. The model collapsed when COVID-19 brought in unexpected ebbs and flows in orders and hampered access to critical supplies, putting planners on a 24/7 fire-drill mode.
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