Month: July 2022

People that read a lot make way more money (2.3 times more?!). My latest reading obsession is reading high quality blogs (not too short, not too long) on medium.com. It’s a great source of articles from a huge variety of writers (some very famous) from all over the world (tons of business stuff, which I was not expecting). For me, it’s like a “Youtube” or “podcasts” of writing/reading. The website even reads...

Ugghh. Supply chain issues worsening, report says, pushing inflation higher & Consumers report 41% of purchases hindered by supply issues. https://lnkd.in/gengwwq4. WSJ: U.S. suppliers’ price increases picked up (11.3%!) in June & remained near historic highs. Producer-level inflation showed an 11.3% annual rate, 7th straight month of double-digit gains. Has Strategic Cost Management (i.e., Price Analysis) become a lost art? https://lnkd.in/g3gHqpaW As a buyer, you have every legal right to say you...

More salary data…CIPS Procurement Salary Guide 2022 reveals a 7.4% avg salary increase & the avg salary for all procurement & SCM pros in North America was $111,278. Too see PDF copy: https://www.linkedin.com/posts/sime-curkovic-61617a115_people-want-more-money-rewarding-work-activity-6954877581921832962-Rddx?utm_source=linkedin_share&utm_medium=member_desktop_web Big surprise: People want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c. Salaries per DC Velocity: 2022 https://lnkd.in/gESQFNZa vs 2021 https://lnkd.in/gW-U-KHK vs 2020 https://lnkd.in/gJquYyT4 Salaries per ASCM $: 2022 https://lnkd.in/gtYC5Cnw vs 2021 https://lnkd.in/gpMvehY5 vs 2020 https://lnkd.in/gcsrX6tr "The demand for logistics talent has never been greater. The low unemployment...

“There isn’t enough young people working in supply chain”...https://lnkd.in/gMqxdxfr Note, there are not enough young people in general. Last year, deaths exceeded births in 1/2 of US states. Michigan’s young population has shrunk the MOST at -14%. Birth rates have plunged in states where the 0-25 population is shrinking. What does the decline of young people mean to US industries?...https://lnkd.in/geyWT2iH From Sime: Econ 101 says you cannot raise the standard of living unless...

42 pages of salary data, the trend is good. On avg, SCM & logistics pros are making $126,215 in 2022, an increase from $112,779 in 2021, on par w/ 2020's avg of $126,475. The median salary in 2022 is now $108,000. Another common theme: People want more money & rewarding work (not paperwork). https://lnkd.in/g7BwX84c. https://www.logisticsmgmt.com/article/38th_annual_salary_survey_salaries_begin_to_rebound#:~:text=Salaries%20are%20up%20across%20the,in%202022%20is%20now%20%24108%2C000. For PDF copy, see: https://www.linkedin.com/posts/sime-curkovic-61617a115_common-theme-people-want-more-money-rewarding-activity-6955128703878144000-qvbs?utm_source=linkedin_share&utm_medium=member_desktop_web Salaries per DC Velocity: 2022 https://lnkd.in/gESQFNZa vs 2021 https://lnkd.in/gW-U-KHK vs 2020 https://lnkd.in/gJquYyT4 Salaries per ASCM $: 2022 https://lnkd.in/gtYC5Cnw vs...

I had business cable news on in the background all morning…Recession, recession, recession. Then I read this from someone that looks at lots of real data (if this is a recession, bring it on): https://lnkd.in/gjmdcvpq. MSU Professor Jason Miller mentioned he did not have much regard for the University of Michigan’s Consumer Sentiment Index, for a variety of reasons. He believes that this index is an unreliable economic indicator for a number...

WSJ: U.S. suppliers’ price increases picked up (11.3%!) in June & remained near historic highs. https://lnkd.in/g_pFJ_QH. Has Strategic Cost Mgmt (i.e., Price Analysis) become a lost art? Will you be ready when your supplier asks for a price increase? I have asked a lot of SCM managers how they “prepare” to negotiate price increase requests from their suppliers. In particular, I was curious about how and where they get their data...

Students who choose to specialize in their education are having better experiences than those who stay generalist. They also found that professors have the most influence on major. Students in specialized majors reported more professional opportunities, higher quality courses, higher quality students and instructors, stronger culture, and more enthusiasm toward their training. The only advantages perceived in taking the generalist path were more flexibility and ease. Also, college educators have more...