Efforts are underway to cultivate talent in the supply chain management (SCM) sector in Singapore, as it continues to establish itself as a prime location for manufacturers to establish their operations. The industry is expected to generate approximately 700 new job opportunities between now and 2025, highlighting the need to attract and retain skilled professionals in this field. In response, new training initiatives have been introduced to cater to individuals interested in pursuing a career in SCM.
These new employment opportunities within the sector specifically target professionals, managers, executives, and technicians (PMETs) who possess both digital and SCM knowledge. Some of the job roles that will be available include positions such as data analysts and system designers. Simultaneously, upskilling programs aim to enhance the skill sets of the local workforce, enabling them to access SCM roles ranging from supply chain planning and sourcing to procurement and logistics management.
MORE FIRMS SETTING UP SCM HUB HERE
As companies navigate increasing global uncertainties and seek to diversify their supply chains, many are turning to Southeast Asia, with Singapore emerging as a prominent choice for establishing a hub. A recent survey examining supply chain trends revealed that nearly 50% of businesses with supply chain operations in the Asia Pacific region are planning to expand or create new manufacturing capabilities in Southeast Asia within the next three years.
The growing interest from companies to establish supply chain management hubs in Singapore can be attributed to several factors. Many companies already have their regional or international headquarters based in Singapore, making it a logical decision to consolidate their supply chain management teams in the same location.
By setting up their supply chain management operations in Singapore, companies can tap into the city-state’s strategic geographic location, excellent infrastructure, and established logistics network. This enables smoother operations, improved efficiency, and enhanced responsiveness to market demands.