Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very consistent w/ the feedback I get from CFOs in West Michigan. A 2022 study from World Commerce & Contracting found that 70% of new supplier agreements contain inflation driven economic adjustment/indexing clauses:

Sime Curkovic

March 25, 2023March 25, 2023

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Great post from Alcott Global. See #1 (reduce costs) & #2 (automation/data analytics), very consistent w/ the feedback I get from CFOs in West Michigan. https://www.linkedin.com/posts/sime-curkovic-61617a115_supplychain-recruit-hire-activity-7038951250347909120-8aUt?utm_source=share&utm_medium=member_desktop A 2022 study from World Commerce & Contracting found that 70% of new supplier agreements contain inflation driven economic adjustment/indexing clauses: https://lnkd.in/g_ByzrNU. In the last 7 months the S&P GSCI...

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

Sime Curkovic March 23, 2024March 23, 2024
Great read…Translation: Success = Pick the right major (i.e., demand > supply) + Get work experience (i.e., internships related to major) + Pick the right first job (i.e., they pay a premium for your major because of supply/demand conditions and you are job ready day one because you have professional work experience). Notice:

Sime Curkovic March 23, 2024March 23, 2024
PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS…”Business grads have an avg salary projection that is 3% higher, lifting it to $63,907.” Note, WMU SCM grads (2022) have a median wage range of $65-$75K (add $5K+ for 2024).

Sime Curkovic March 23, 2024March 23, 2024

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My students in Silicon Valley say making $200K+/yr feels like making $90K/yr in Metro Detroit. Some pay close to $6K/month for rent (so they need roommates). Owning a home will be tough. Kind of related…Ranked: Worst Companies for Employee Retention:

PROJECTIONS POINT TO SALARY INCREASES FOR CLASS OF 2024 BACHELOR’S GRADS…”Business grads have an avg salary projection that is 3% higher, lifting it to $63,907.” Note, WMU SCM grads (2022) have a median wage range of $65-$75K (add $5K+ for 2024).