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Supply chain advancing in tech, but struggling to attract young workers?

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The supply chain industry in Asia Pacific is struggling to attract young talent.

Technology has changed the type of skillsets required in supply chain roles, but new research revealed the industry is not prepared for the advancement in tech.

Research conducted by Bastian Consulting, revealed that the overwhelming majority of respondents think graduates are unlikely to apply for roles in supply chain.  

Seventy-two per cent of respondents said graduates are more likely to explore roles in  sectors other than supply chain.

Why are young people avoiding jobs in a booming industry?

The survey of more than 500 supply chain executives from Australia, New  Zealand, Singapore, Malaysia, Hong Kong, Japan and Thailand, showed that 76 per cent of respondents say there is not enough  being done to raise awareness of the opportunities available in the supply chain. 

“Over the past 12 months, supply chain has made the headlines and made the public more  aware of its important role in society as well the major contribution it makes to the global economy. These results clearly show that the industry can do more to communicate the  diverse opportunities available in this growing and exciting sector,” Tony Richter, Founder of  Bastian Consulting said. 

“We’ve never been busier… it is a bit puzzling as to why the staff is not available” tony says.

Respondents were also in agreement that employers are not doing enough to engage with  young people, as 70 per cent said organisations are lacking in apprenticeships or graduate  recruitment program opportunities.

Industry needs to do more to “communicate the diverse opportunities available”

Tony Richter says that while there is a lot of investment going into  technology, the industry needs to do more to invest in raising awareness of the profession  as well as market the many opportunities available to young people.

“People use to think about logistics as warehousing and trucking, transport and forklifts. From a diversity perspective, it was almost entirely male driven”

Tony says.

Tony adds that the sector is on an evolutionary journey, but notes there is more work to be done in terms of the gender balance.

In New Zealand, Singapore, Malaysia, Hong Kong and Japan, the majority of survey respondents think there is a gender imbalance across the supply chain workforce.

On the contrary, just over half of respondents from Australia and Thailand do not think there is a gender  imbalance issue in the supply chain industry. 

How does supply chain tackle this?

“The tech side of supply chain see’s more gender balance. Not only supply chain, but the tech sector as a whole,” Tony says.

Interestingly, despite the perception that the supply chain sector is grappling with an ageing  workforce, less than half of respondents said there is an ageing workforce issue in  supply chain.  

However, he admits diversity in supply chain is going to be a long term journey,

“Typically in the warehouse and operational areas, that are really male dominant in terms of culture,” Tony says.

"There needs to be a lot of work around investing, encourage and welcoming in those environments. But it won't happen overnight" 

Technology is playing a huge role in supply chain and its changing the game

Just over  half of respondents said technology has changed the type of skillsets required in  supply chain roles. Respondents were more united in their view that the industry is not  ready for this change, as 68 per cent of respondents said that the industry is not prepared for the  shift in skillsets that will be required.  

Tony on the growth of digital supply chains.

Tony says AI and blockchain are a “huge” focus, especially when it comes to adapting the technology to supply chain.

“One of the big areas we’re seeing a lot of focus on right now is implementation and integration.”

Tony notes the opportunities in connectivity of multiple technologies, in a logistics or supply chain environment, is in demand.

“One of the biggest issues facing the supply chain industry is a lack of talent”

Tony says.

This is clearly  being felt across the entire APAC region.

“Creating an inclusive culture, equal opportunities and career development programs alongside a united effort to  demonstrate that this industry is more than just forklifts and warehouses, should be high on  the agenda for any business looking to attract new talent in this sector,” Tony concluded.  

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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1 in 8 households don’t have the money to buy enough food

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Katherine Kent, University of Wollongong

Around one in eight (1.3 million) Australian households experienced food insecurity in 2023. This means they didn’t always have enough money to buy the amount or quality of food they needed for an active and healthy life.

The data, released on Friday by the Australian Bureau of Statistics (ABS), show food insecurity is now a mainstream public health and equity challenge.

When funds are tight, food budgets suffer

The main driver of food insecurity in Australia is financial pressure.

Housing costs and energy bills expenses consume much of household income, leaving food as the most flexible part of the budget.

When money runs short, families cut back on groceries, buy cheaper but less nutritious food, skip meals, or rely on food charities.

These strategies come at the expense of nutrition, health and wellbeing.

Inflation has added further pressure. The cost of food has risen substantially over the past two years, with groceries for a family of four costing around $1,000 per fortnight.

Who is most affected?

Not all households are affected equally. Single parents face the highest rates of food insecurity, with one in three (34%) struggling to afford enough food.

Families with children are more vulnerable (16%) than those without (8%).

Group households, often made up of students or young workers, are also heavily affected at 28%.

Rates are even higher for Aboriginal and Torres Strait Islander households, where 41% report food insecurity.

Income remains a defining factor. Nearly one in four (23.2% of) households in the lowest income bracket experience food insecurity, compared with just 3.6% in the highest.

These headline numbers are only part of the story. Past research shows higher risks of food insecurity for some other groups:

While the ABS survey can not provide local breakdowns, it will also be important to know which states and territories have higher rates of food insecurity, to better inform state-level responses.

What are the impacts?

Food insecurity is both a symptom and a cause of poor health.

It leads to poorer quality diets, as households cut back on fruit, vegetables and protein-rich foods that spoil quickly. Instead, they may rely on processed items that are cheaper, more filling and keep for longer.

The ongoing stress of worrying about not having enough food takes a toll on mental health and increases social isolation.

Together these pressures increase the risk of chronic diseases including diabetes, heart disease and some cancers.

For children, not having enough food affects concentration, learning and long-term development.

Breaking this cycle means recognising that improving health depends on improving food security. Left unaddressed, food insecurity deepens existing inequalities across generations.

What can we do about it?

We already know the solutions to food insecurity and they are evidence-based.

Strengthening income support by increasing the amount of JobSeeker and other government payments is crucial. This would ensure households have enough money to cover food alongside other essentials.

Investment in universal school meals, such as free lunch programs, can guarantee children at least one nutritious meal a day.

Policies that make healthy food more affordable and available in disadvantaged areas are also important, whether through subsidies, price regulation, or support for local retailers.

Community-based approaches, such as food co-operatives where members share bulk-buying power and social supermarkets that sell donated or surplus food at low cost can help people buy cheaper food. However, they cannot be a substitute for systemic reform.

Finally, ongoing monitoring of food insecurity must be embedded in national health and social policy frameworks so we can track progress over time. The last ABS data on food insecurity was collected ten years ago, and we cannot wait another decade to understand how Australians are faring.

The National Food Security Strategy is being developed by the Department of Agriculture, Fisheries and Forestry with guidance from a new National Food Council. It provides an opportunity to align these actions, set measurable targets and ensure food security is addressed at a national scale.

Food insecurity is widespread and shaped by disadvantage, with serious health consequences. The question is no longer whether food insecurity exists, but whether Australia will act on the solutions.The Conversation

Katherine Kent, Senior Lecturer in Nutrition and Dietetics, University of Wollongong

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Inflation data impacts markets as stocks reach highs

Inflation data and tariff uncertainty loom as U.S. stocks near record highs ahead of potential Federal Reserve rate cuts

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Inflation data and tariff uncertainty loom as U.S. stocks near record highs ahead of potential Federal Reserve rate cuts

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In Short:
– U.S. stock investors face crucial inflation data amidst concerns over tariffs and bond yields.
– The Federal Reserve is expected to lower interest rates following weaker job growth and trade uncertainties.
U.S. stock investors are facing a week filled with critical inflation data.
Uncertainty over tariffs and government bond yields complicates the market landscape. Despite a record high for the S&P 500 index, the recent monthly employment report revealed weaker job growth in August, prompting concerns.Banner

Investor focus turns to the upcoming U.S. consumer price index data, with implications for potential interest rate cuts.

The Federal Reserve is widely expected to reduce rates at its upcoming meeting.

Market Risks

Concerns linger around tariffs, especially after a court ruling deemed many of President Trump’s tariffs illegal.

This has muddied the decision-making for corporations and investors. Higher long-dated U.S. government debt yields, which reached 5% for the first time in over a month, have also contributed to stock market challenges.

Despite a substantial 10% rise in the S&P 500 this year, traders remain cautious as economic releases could disrupt elevated stock valuations amidst ongoing trade uncertainties.


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