Navigating the Talent Crunch
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The document discusses the future of supply chains in 2030, emphasizing the importance of aligning talent strategy with organizational goals to address the current talent deficit. It highlights the need for efficient hiring and onboarding processes, collaboration with suppliers, and a purpose-driven culture to create successful supply chains. Key insights call for ongoing development of employee trust and collaboration to navigate complexities in the supply chain ecosystem.
Navigating the Talent Crunch
- 1. Imagining Supply Chains in 2030 The Supply Chain Talent Crunch Hannah Kain President and CEO, ALOM GLOBAL SUMMIT
- 2. Imagining Supply Chains in 2030 IMAGINE 2022 The Supply Chain Talent Crunch 2
- 3. Imagining Supply Chains in 2030 IMAGINE 2022 3 Total Global Talent Deficit by Economy Source: Korn Ferry, 2022
- 4. Imagining Supply Chains in 2030 IMAGINE 2022 Supply Chain Is Our Passion! Quality level: Six Sigma Years ISO certified: 24 Year founded: 1997 Headquarters: Silicon Valley We meticulously plan and flawlessly implement technology-driven supply chain programs that elevate our clients’ brands and delight their end-users Serving select brand-conscious clients in growth industries Global locations: 19 Life Sciences Technology Highly-Regulated Automotive
- 5. Imagining Supply Chains in 2030 IMAGINE 2022 5 ALOM SHINES THROUGH THE PANDEMIC COVID-19 TEST KITS PRODUCED (2021) 34M 3x 174% SERIALIZED PRODUCT SHIPMENT GROWTH ONTIME SHIPPING 99.9% RECORD CLIENT PROGRAM GROWTH
- 6. Imagining Supply Chains in 2030 IMAGINE 2022 UNCERTAINTY AND CHANGES
- 7. Imagining Supply Chains in 2030 IMAGINE 2022 7 “An expert is a person who has made all the mistakes that can be made in a very narrow field.” Niels Henrik David Bohr Danish physicist who made foundational contributions to understanding atomic structure and quantum theory
- 8. Imagining Supply Chains in 2030 IMAGINE 2022 TALENT STRATEGY ALIGNED WITH OVERALL STRATEGY While Understanding Complex Ecosystems SUPPLY CHAIN ECOSYSTEM Complexity Regulations Agility Change management Tech/data/info/insight Collaboration Global Sustainability / governance STAFFING ECOSYSTEM Fundamental view on life and work Purpose-driven employment WFH/hybrid/geography Loyalty/churn Regulations Pandemic Diversity, equity, inclusion Responsiveness
- 9. Imagining Supply Chains in 2030 IMAGINE 2022 Purpose Driven Culture 9 Where are we going? Is the goal important? Align with employee sentiments Culture must align with desired outcomes Supply chain groups and teams may have their own sub-culture, while aligned in core value with the larger organization
- 10. Imagining Supply Chains in 2030 IMAGINE 2022 LOYALTY DOWN CHURN UP How can we hire and onboard faster? 10 TALENT CRISIS – NOW WHAT? EFFICIENCY: TOOLS AND SUPPORT #1 question when getting an assignment – will I receive the resources and tools to succeed? How can I make somebody more productive? Useful, meaningful information available real-time DEFICIT OF TALENT Grow our own Aggressive training and support tools Support personal development goals Hire broadly from underserved communities Do not throw more people at the problem Go for the best - don’t settle ALIGNMENT Information – multi-level and multi-directional Walk-the-walk DUH! WE ARE DEALING WITH PEOPLE Empathy, flexibility, support Two-way communication Make it fun!
- 11. Imagining Supply Chains in 2030 IMAGINE 2022 11 Collaboration is The Supply Chain Gold Hire, develop and reward for collaborative personality traits Technology and Data focus go hand-in-hand with People focus for outcome driven performance Service-orientation must permeate the organization It cannot only be upwards in the organization or customer-focused Not just result, but also methodology Respect, cohesiveness and team-spirit
- 12. Imagining Supply Chains in 2030 IMAGINE 2022 Be your suppliers’ customer of choice Collaboration wins - collaborative supply chains are more profitable 52% lack of supplier collaboration is creating supply chain gap Keep suppliers healthy Pay on-time Be transparent about demand Allow suppliers to make money 12 Are Suppliers Part of Your Structure?
- 13. Imagining Supply Chains in 2030 IMAGINE 2022 RETHINKING ORGANIZATIONAL STRUCTURE AGILITY Building for agility, collaboration, easy access to resources/informat ion/ tools, ability to make decisions INNOVATION Innovation and change orientation BIG-PICTURE THINKING Small picture thinking can be done by machines PLANNING OK to band-aid on and off. But remember to plan for the ideal future. What is the best you can create? Go through many iterations
- 14. Imagining Supply Chains in 2030 IMAGINE 2022 NORTH AMERICA FOOTPRINT GROWTH 14 RENEWABLE ELECTRICITY POWERING U.S. OPERATIONS 100 % 2021 STAFFING GROWTH 73% DIVERSE SUPPLIER SPEND 28% GREAT OUTCOMES THROUGHOUT THE PANDEMIC 47% STRONG COHERENCY Outcome: Ability to absorb new programs RECORD/ACCELERATED ONBOARDING Outcome: Learned we can really create miracles when we collaborate
- 15. Imagining Supply Chains in 2030 IMAGINE 2022 15 Summary and Insights EMPLOYER OF CHOICE CUSTOMER OF CHOICE SUPPLIER OF CHOICE Become the
- 16. Imagining Supply Chains in 2030 IMAGINE 2022 16 Summary and Insights Align talent strategy with supply chain strategy Hiring, developing, growing, rewarding Create the collaboration and trust – constant work! Develop the culture for success Develop the culture where your team will succeed
- 17. Imagining Supply Chains in 2030 IMAGINE 2022 17 Any Questions? THANK YOU!