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The jobs paying six figure salaries to help lead supply chain disruptions

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Top supply chain, logistics and procurement executives are among the highest paid managers and directors in the Asia pacific region amid global shipping challenges

A new survey reveals that technology is playing a huge role in supply chain, as tech expertise in AI and robotics make the top of the list for technical skills in demand.

But do you have skills in inventory management and can you communicate effectively? This could be the answer to Australians earning a six figure salary, reaching up to half a million dollars a year.

In Bastian Consulting’s latest Salary Survey 2021, supply chain executives from
Australia, New Zealand, Singapore, Malaysia, Hong Kong, Japan and Thailand, have
revealed that Supply Chain Directors are the most paid, compared to other
management positions within the sector.

TONY RICHTER, Founder of BASTIAN CONSULTING, ON THE ROLES PAYING UP TO $500,000 IN HIGH DEMAND

The survey revealed Supply Chain Directors are earning $230-360K AUD a year,
compared to Logistics Operations Director ($180-250K AUD) and Procurement
Director ($240-330K AUD).

Furthermore, Supply Chain Managers are taking home
$130-165K AUD per year, while Manufacturing Managers are earning $100-130K
AUD.

Tech skills in high demand

Supply chain is a high-growth industry. Tony Richter, Founder of Bastian Consulting
said the salaries of supply chain executives reflect the importance of their role in
minimising the impact of global disruption during COVID-19 and beyond.

“Supply chain bottlenecks could last for another year and a half to two years.
Therefore, the need for Supply, Distribution and Procurement Managers to plan,
organise, direct, control and coordinate the supply, storage and distribution of goods,
products and services, will continue to be in high demand,” Tony said.

Respondents from Australia, New Zealand, Singapore, Malaysia, Hong Kong, Japan
and Thailand revealed that Inventory Management is the most sought after technical
skill (58%) when finding an employee, reflecting the shift in skillsets required this year as a result of the challenge of ongoing global supply chain disruptions.

The survey also revealed that technology is playing a huge role in supply chain, as
technology expertise in AI, IoT and robotics are also among the top technical skills in
demand

Growth of e-commerce altering skills required

There was an overwhelming shift towards the need for soft skills in the supply chain,
with the ability to communicate effectively (40%) and collaboration with others (39%)
as key employability skills for top executives.

However, respondents said there is a lack of both technical and soft skills when
recruiting top talent.

TONY RICHTER on skills in high demand

There isn’t enough young people working in supply chain

“We’re seeing a real struggle in the market to find talent and we want to help future
proof the talent pool,” Tony said.

Bastian Consulting has recently launched its Graduate Initiative program to help
solve the supply chain and tech talent shortage across the APAC region.

“With candidate salary expectations being the biggest hurdle for over half of the executives surveyed to source talent, 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,” Stephanie Martinez, Partner at Bastian Consulting said.

Business

This move is set to boost Australia’s crypto gains

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Coinbase is coming down under, in a major boost for the country’s crypto gains

The crypto platform is calling the country “a priority market”.

It will add its local payments platform so Australians can transfer dollars into their Coinbase account.

There will also be advanced trading tools and better pricing.

Users will also receive 24 hour support, where they can ask all about their accounts and concerns.

The exchange is registered with a local regulator to provide its digital currency exchange services.

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Business

TikTok’s parent company loses $7bn

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TikTok’s Parent company sees losses grow as it tries to outplay Facebook, Instagram and YouTube

TikTok’s parent company, ByteDance, has experienced a loss of more than $7 billion dollars in operating costs, tripling last year’s records.

The company attributes the huge loss to its massive investment in global growth. It detailed the results in a financial report which was provided to internal stakeholders.

In the first quarter of 2022, the company recorded a profit in its operating costs, with the company’s revenue expanding by more than 80% to $61.7 billion in 2021.

But expenses that are focused on expanding its products worldwide continue to swell at a rapid rate.

While TikTok is one of ByteDance’s most successful and well-known products, the company owns a wide range of digital platforms including: Douyin, Toutiao, Vigo Video, Helo, Lark and BytePlus. In total, it attracts hundreds of millions of users in China alone and 1 billion TikTok users worldwide.

The internal report was emailed to all ByteDance’s 130,000 employees. In a note of assurance, company execs “remain confident in the strength of our business and organisation.”

The ability for ByteDance to continue to invest in the company’s growth is clearly a strong advantage the company has over its competitors in the market.

A new report found Australians spent more time on TikTok in the last 12 months than on Facebook, a leader for many years in the space.

With other platforms such as Facebook, Instagram and YouTube scrambling to compete with TikTok, it seems ByteDance must have a long-term expansion strategy in mind.

The company is evidently trying to arrive at a place where such massive losses relating to operating will be a distant memory.

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Business

How to score one of 500,000 free airline tickets up for grabs

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Virgin Atlantic has made the controversial decision to stop operating in Hong Kong

It says the war in Ukraine and restricted air space are the reasons behind the change.

Customers will be offered a refund if they wish.

The war in Ukraine has caused many airlines to pause routes because of safety concerns.

It comes as Hong Kong is set to give away 500,000 airline tickets as it looks to bring tourists back after the pandemic.

The major deal is part of the city’s push to bring life back to the city, which has been under strict COVID measures for much of the last two years.

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