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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.

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Money

Dow rises 400 points as trade tensions ease

Dow climbs 400 points as trade tensions ease, Trump signals no plan to fire Fed Chairman Powell.

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Dow climbs 400 points as trade tensions ease, Trump signals no plan to fire Fed Chairman Powell.

In Short

Stocks rose significantly on Wednesday, with the Dow up 461 points amid optimism about reduced U.S.-China tariffs.

Investors reacted positively to President Trump’s comments on trade, improving overall market sentiment after a four-day losing streak.

Stocks saw significant movement on Wednesday, with the Dow Jones Industrial Average rising by 461 points, or 1.2%.

The S&P 500 and Nasdaq Composite also experienced gains of 1.7% and 2.6%, respectively.

Initially, the Dow surged by 1,100 points due to optimism surrounding U.S.-China trade relations.

President Donald Trump indicated a willingness to adopt a less aggressive trade strategy, suggesting that the current 145% tariff on imports from China would be significantly reduced but not eliminated entirely.

Trade agreement

Treasury Secretary Scott Bessent commented on the potential for a beneficial trade agreement between the two nations, expressing a desire for joint efforts to address trade imbalances.

Market reactions reflected relief at the prospect of eased tensions, with Keith Buchanan from Globalt Investments noting that investors were hopeful the worst might be over, though uncertainties remain.

Reports indicated that the U.S. administration was contemplating reducing tariffs on China to between 50% and 65%, contingent upon mutual concessions from both countries.

Stocks affected by trade dynamics, particularly tech companies like Apple and Nvidia, showed marked increases, with Tesla’s shares rising 5% partly attributed to these easing tariff concerns.

Investor sentiment improved further when Trump reaffirmed that he has no intention of dismissing Federal Reserve Chairman Jerome Powell, a shift from his previous criticism of Powell’s leadership.

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Money

Credit-card firms prepare for economic downturn risks

Credit card companies prepare for economic downturn; rising delinquencies prompt tighter lending despite continued consumer spending.

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Credit card companies prepare for economic downturn; rising delinquencies prompt tighter lending despite continued consumer spending.

In Short

US credit card companies are preparing for a possible economic downturn by tightening lending and increasing reserves, even as consumer spending remains high.

While the wealthy continue to spend, access to credit is diminishing for lower-income individuals, and caution is growing among banks.

Credit card companies in the US are preparing for a potential economic downturn despite current consumer spending levels. Businesses are increasing reserves and tightening lending as delinquencies rise to pre-pandemic levels.

JPMorgan Chase and Citigroup have augmented their rainy day funds to mitigate expected losses. Retail card issuer Synchrony is applying stricter lending criteria, while U.S. Bancorp is targeting wealthier customers to reduce risk.

Although large lenders are still reporting profits, the effects of Trump’s trade war have yet to reflect in financial results. Recent data shows that Americans are spending and borrowing at a faster pace compared to last year.

Travel and entertainment

However, there are warning signs as consumers begin to cut back on nonessential expenditures such as travel and entertainment. The trend of cardholders making only minimum payments is above pre-pandemic levels.

Despite consumers showing confidence in spending in early April, banks remain cautious. They are redirecting their marketing strategies towards affluent households, recognising that the wealthiest individuals account for a significant proportion of total spending.

Conversely, access to credit is tightening for lower-income individuals, with Synchrony reporting declines in active accounts and purchase volumes. American Express, meanwhile, continues to perform well among high-income clients, with strong consumer spending growth reported.

Unemployment rates among white-collar workers remain low, offering some stability in credit card portfolios for certain issuers.

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Money

U.S. shares rebound amid tariff negotiation optimism

U.S. shares rebound over 2.5% amid tariff optimism, despite economic warnings and mixed global market performance.

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U.S. shares rebound over 2.5% amid tariff optimism, despite economic warnings and mixed global market performance.

In Short

U.S. shares rebounded significantly due to optimism over tariff negotiations, with major indexes rising over 2.5%. However, companies continue to face challenges from tariffs and uncertainty in the market, leading to mixed results overseas.

U.S. shares saw a significant rebound on Tuesday, with major indexes increasing by over 2.5%.

This recovery was influenced by optimism regarding tariff negotiations, as noted by Treasury Secretary Scott Bessent, who expressed confidence in a potential de-escalation of the trade war with China.

Despite this positive sentiment, companies are still grappling with the effects of the Trump administration’s tariffs.

Defense contractor RTX announced an anticipated $850 million financial impact, and Kimberly-Clark cited a “global geopolitical landscape” for a lowered profit outlook.

Economic forecasts

The International Monetary Fund has revised its economic forecasts for the U.S. and globally, highlighting tariffs as a factor in slower growth.

Goldman Sachs CEO David Solomon indicated that high levels of uncertainty are hindering corporate decisions and impacting asset prices, and the Institute of International Finance warned of a probable U.S. recession later this year.

Gold prices have fluctuated, retreating after reaching a record high on Tuesday, reinforcing its status in uncertain markets.

Tesla’s quarterly earnings did not meet estimates, but the company’s share price remained stable.

Concerns about President Trump’s trade policies and his remarks regarding Federal Reserve Chair Jerome Powell contributed to market volatility earlier in the week.

In trading results, the Dow Jones increased by 1,017 points or 2.7%, while the Nasdaq and S&P 500 both rose by 2.7% and 2.5%, respectively.

Treasury yields decreased slightly, and Bitcoin’s value climbed past $91,000.

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