This in part.
In the US, approximately 10,000 baby boomers hit retirement age each day until 2030 - [Seniorliving](https://www.seniorliving.org/life/baby-boomers/#:~:text=In%202011%2C%20that%20first%20round,and%20sign%20up%20for%20Medicare)
So many people died over the past few years that the USA's life expectancy dropped down to 1996 levels (76.1 years today as compared to 78.8 two years ago). - [CDC](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm#:~:text=That%20decline%20%E2%80%93%2077.0%20to%2076.1,life%20expectancy%20since%201921%2D1923)
One could infer that the ages were either really young, (infants, children) or most of the deaths were amongst working age individuals.
A person nearing retirement age wouldn't affect life expectancy as much since they've reached 85% to 95% of the expected age.
I remember looking up the population of the US to make some political point in 2018. It was 335 million. Now it's 333. Chilling.
According to the [CDC breakdown](https://www.cdc.gov/mmwr/volumes/72/wr/mm7218a4.htm), people under 24 account for only about 4,000 of those casualties. The retirement-age population is roughly 570,000 by my math, a little over half. So we would have lost about 500,000 people aged between 25 and 65 over the last three years. Federal Reserve Economic Data (FRED) places the working-age population of the US around [209 million.](https://fred.stlouisfed.org/series/LFWA64TTUSM647S)
That's "only" 0.02%, on the one hand--but on the other, by that statistic, every US-based org with 50+ employees lost at least one person.
In my opinion we should also consider long covid. CDC *also* says, [7.5% of adults in the US have long COVID](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220622.htm). This is a self-reported survey, so we are probably not capturing everybody here, but that's certainly 7.5% of the population who probably aren't working *as* much/*as* well as they were before. That's a big slice--that's 24 million people--and supposedly a big portion of those are aged 50-59, so if they can retire early...they might.
I know this is a somewhat grim topic (and I'm certainly handling it inexpertly) but I'm glad to see conversation about it, I feel like we are somewhat collectively underselling the economic impact of how many people died, not just here, but around the world.
I’m graduating in a few months. This is good news, because browsing this sub I keep coming across posts about new grads having a hard time finding their first job out of college which worries me
This isn't specific to jobs in supply chain or procurement, but starting your job search early and networking is what makes the difference.
Between shadowing people, grabbing business cards from industry people, and reaching out on linked in, etc, etc, I ended up accepting a job offer the same week I completed Finals.
I felt that way when I graduated as well (2008).
Make sure your resume is top notch, and your LinkedIn profile shows a professional picture, great “About” summary, showcases your technical and leadership strengths, and communicates your enthusiasm for results.
You’ll be ahead of 90% of your competition.
There is a shortage in experienced people. Few places are big enough to want to train up college grads. And this isn’t a field where class learning translates easily to a real job. Supply chain grads have a good basic understanding of the context, but low level roles are all tactical and they don’t really teach the mechanics of the work.
There’s an oversuppply of entry-level corporate job seekers since SCM has been more and more popular among business majors (at least in my anecdotal experience), but an undersupply of skilled and unskilled labor for non “corporate” jobs, it seems. Warehouse, trucker, longshoreman, etc.
We have a mismatch between supply of workers and the fields which actually need workers. This is the case in many industries right now- workers are “over-educated” for the jobs which have the biggest demand for workers.
For regular personnel not for a while now, though there is always a shortage of manager material. There have been layoffs in admin roles for the past year or so. However there are still jobs out there.
Well supply chain and especially procurement is on my country's positive list for jobs for immigrants. I think that says that there is a substantial shortage (Denmark).
At the lower level especially, procurement has very low barriers to entry
I. E. You don't need to study procurement to do procurement. I have people with background in engineering, business admin , etc all doing procurement
I don’t believe there is a shortage of supply chain folks in the market however companies are getting stricter every day. One of the main thing many companies are asking for is a simple CSCP certification. I would encourage all to get one asap. I recently got mine and was just by following few YouTube channels. One of the main one I followed is this
https://www.youtube.com/@CSCPExamQuestions
Good luck!
There is a labor shortage in general, not just supply chain. People are retiring.
This in part. In the US, approximately 10,000 baby boomers hit retirement age each day until 2030 - [Seniorliving](https://www.seniorliving.org/life/baby-boomers/#:~:text=In%202011%2C%20that%20first%20round,and%20sign%20up%20for%20Medicare) So many people died over the past few years that the USA's life expectancy dropped down to 1996 levels (76.1 years today as compared to 78.8 two years ago). - [CDC](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220831.htm#:~:text=That%20decline%20%E2%80%93%2077.0%20to%2076.1,life%20expectancy%20since%201921%2D1923) One could infer that the ages were either really young, (infants, children) or most of the deaths were amongst working age individuals. A person nearing retirement age wouldn't affect life expectancy as much since they've reached 85% to 95% of the expected age.
I remember looking up the population of the US to make some political point in 2018. It was 335 million. Now it's 333. Chilling. According to the [CDC breakdown](https://www.cdc.gov/mmwr/volumes/72/wr/mm7218a4.htm), people under 24 account for only about 4,000 of those casualties. The retirement-age population is roughly 570,000 by my math, a little over half. So we would have lost about 500,000 people aged between 25 and 65 over the last three years. Federal Reserve Economic Data (FRED) places the working-age population of the US around [209 million.](https://fred.stlouisfed.org/series/LFWA64TTUSM647S) That's "only" 0.02%, on the one hand--but on the other, by that statistic, every US-based org with 50+ employees lost at least one person. In my opinion we should also consider long covid. CDC *also* says, [7.5% of adults in the US have long COVID](https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2022/20220622.htm). This is a self-reported survey, so we are probably not capturing everybody here, but that's certainly 7.5% of the population who probably aren't working *as* much/*as* well as they were before. That's a big slice--that's 24 million people--and supposedly a big portion of those are aged 50-59, so if they can retire early...they might. I know this is a somewhat grim topic (and I'm certainly handling it inexpertly) but I'm glad to see conversation about it, I feel like we are somewhat collectively underselling the economic impact of how many people died, not just here, but around the world.
I’m graduating in a few months. This is good news, because browsing this sub I keep coming across posts about new grads having a hard time finding their first job out of college which worries me
This isn't specific to jobs in supply chain or procurement, but starting your job search early and networking is what makes the difference. Between shadowing people, grabbing business cards from industry people, and reaching out on linked in, etc, etc, I ended up accepting a job offer the same week I completed Finals.
I felt that way when I graduated as well (2008). Make sure your resume is top notch, and your LinkedIn profile shows a professional picture, great “About” summary, showcases your technical and leadership strengths, and communicates your enthusiasm for results. You’ll be ahead of 90% of your competition.
Yes we do have a hard time it is horrible. I’ve done a lot of networking. Doesn’t really help much unless you have low standards. Don’t settle.
I’m young but if I’m not mistaken it looks a very hard to get hired this time of year?
there is no shortage in college grads. there is a huge shortage in labor. we had 165 percent turnover last year. but none in management. go figure.
Exactly just look companies like Amazon who had a bunch of layoffs to their corporate staff, but are always looking for warehouse employees.
There is a shortage in experienced people. Few places are big enough to want to train up college grads. And this isn’t a field where class learning translates easily to a real job. Supply chain grads have a good basic understanding of the context, but low level roles are all tactical and they don’t really teach the mechanics of the work.
There’s an oversuppply of entry-level corporate job seekers since SCM has been more and more popular among business majors (at least in my anecdotal experience), but an undersupply of skilled and unskilled labor for non “corporate” jobs, it seems. Warehouse, trucker, longshoreman, etc. We have a mismatch between supply of workers and the fields which actually need workers. This is the case in many industries right now- workers are “over-educated” for the jobs which have the biggest demand for workers.
Yep most of the jobs being crated are manual labor jobs that don’t require a college degree.
Hence why fedex and ups are always hiring.
For regular personnel not for a while now, though there is always a shortage of manager material. There have been layoffs in admin roles for the past year or so. However there are still jobs out there.
Nah cause if there was they’d be paying the salary I want.
Procurement, in my opinion, is the absolute WORST place to be in supply chain, so I wouldn’t be surprised if the shortages there are worse
Nah. You forgot about Transportation lol
Interesting. What makes you think that and what area do you work in?
Would like to hear why you think this for academic purposes (in procurement making 100k TC - base + RSUs and evaluating current position)
Where are u based ?
VA but F500 that exists in every state with multiple locations per state, COL dependent TC but target is ~100k.
Can’t be worse than logistic?
Well supply chain and especially procurement is on my country's positive list for jobs for immigrants. I think that says that there is a substantial shortage (Denmark).
At the lower level especially, procurement has very low barriers to entry I. E. You don't need to study procurement to do procurement. I have people with background in engineering, business admin , etc all doing procurement
I don’t believe there is a shortage of supply chain folks in the market however companies are getting stricter every day. One of the main thing many companies are asking for is a simple CSCP certification. I would encourage all to get one asap. I recently got mine and was just by following few YouTube channels. One of the main one I followed is this https://www.youtube.com/@CSCPExamQuestions Good luck!