Working in the logistics industry provides people with a whole host of opportunities and can lead to a great deal of wealth and international adventures to boot. The logistics industry is shifting at a pace many can’t keep up with, as supply chain technology advances, and globalization means increasing industry growth. In this article, we will explore six reasons to consider setting up your own logistics business or working for a supply chain company.
1. Technological advancements
The logistics industry is rapidly developing its technological capabilities across a multitude of platforms, systems, and workflows. It’s clear that artificial intelligence, blockchain, robotics, warehouse, and transport management systems, such as those designed by software company CartonCloud, are technologies helping to lead the way in advancing logistics operations across the globe. Giving anyone involved in the logistics industry an incredible opportunity to be part of these major international technological developments. According to Shapiro, “Improved technology has also increased productivity in the supply chain, minimizing costs and errors. These advances benefit all areas of the logistics industry: trucking transportation, international transportation (ocean and air), supply chain management, and shipment tracking. Here are five major technological advances that are changing the future of the logistics industry.”
According to Book Study, “The term “global logistics” understand the strategy and tactics usually create a sustainable macrologistical systems linking the business structures of different regions and countries on the basis of the division of labor, partnership, and co-operation in the form of agreements, contracts, plans, supported at the international level.” The beauty of landing a job in logistics is the fact that it is a necessary part of life, no matter where in the world you may live, providing employees or business owners opportunities abroad. Indeed, some more developed countries have better logistics systems in place than those less developed countries; but why not think big and view this as a chance to set up shop or work in a place less developed and help the local businesses and community to grow and prosper in unprecedented ways. At the end of the day, without solid supply chain and logistics operations in place, there’s evidence to suggest that societies don’t function as effectively. If setting up your own logistics business in a faraway nation, why not consider working for one of the big boys and learn from some of the best, larger supply chain corporations whose job it is to look after a global network of operations.
OnRec discovered that the logistics industry is evolving and embracing more flexible working hours, stating, “…logistics is a rapidly evolving sector. With increasing omnichannel consumer demand, fast-improving technology, and a growing workforce, now more than ever is the time to embrace change in logistics recruitment. Flexible work hours are becoming more desirable with higher adoption rates – and they just may pave the way for the future of logistics recruitment.” With the implementation of key tech and cloud software programs, logistics operators are finding they are having more flexibility than ever before, giving employees the chance to benefit from more suitable hours of work, ensuring better work-life balance across the board.
4. Well paid
There is evidence to suggest that the logistics industry plays very well indeed, with top positions earning over the 100k mark annually, providing job seekers with a great opportunity to flourish in the supply chain space. According to Supply Chain Digital, “Although the salary distribution for the lowest 10 percent was $43,500 in 2010, the top 10 percent were earning over $108,000 per year.” Although it’s not necessary to get a degree in order to get a solid job in the logistics industry, having a degree has proven to have a positive effect on people looking to hit the higher yearly salaries. Work Chron’s study suggests, “The median annual earnings for those with bachelor’s degrees in operations logistics was $65,000, with the 25th percentile making $47,000 per year, and the 75th percentile receiving $94,000 annually.”
5. Expanding industry
A report put together by the Transparency Market Research suggests, “The logistics and transportation industry will grow to $15.5 trillion, from a current market value of $8.1 trillion…” With the knowledge that the industry is set to expand, it’s an exciting time to enter the logistics game and make significant coin and impact. The Supply Chain Dive comments on the expansion of the industry, “New technologies are entering the logistics space in droves, driven by the allure of an e-commerce boom, low-barriers to entry given a fractured market and rising shopper demands.” It’s important to understand the fact that as much as these new and disruptive supply chain technologies are shifting the transport landscape, they too are challenging to integrate into old, more structured systems that have been used for many years. Yes, change is great and definitely necessary but also takes time for more established companies to adopt.
6. No educational requirements
The beauty of the logistics industry is that it doesn’t require you to have higher education in order to gain entry-level positions around the world. There aren’t many industries in the world that offer people the chance to work in such a space that allows you to grow, learn, and prosper without a degree or certificate of some kind. As above mentioned, there are indicators to show that higher education does ‘help’ with achieving higher pay levels in supply chain work. However, it doesn’t mean you aren’t able to work your way up to that salary without it.
Overall it’s clear that a supply chain career path can be highly lucrative, educational, and beneficial for anyone looking to make a splash in the increasingly competitive globalized world we live in. From top level annual salaries to the chance of working with the world’s latest technology, logistics offers people a broad range of skills and opportunities to shine bright at an international level. Why not dig in, find a company you like the look of, or, for that matter, set up your own!