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Supply Chain & Procurement Jobs in Singapore: 2023 Salary Guide & Market Outlook

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Supply Chain & Procurement Jobs in Singapore: 2023 Salary Guide & Market Outlook

Stay abreast with the latest salary benchmarks and talent movement. CGP Group's "2023 Southeast Asia Market Insights & Salary Trends" report is now available to guide job seekers better navigate the ever-changing employment landscape as well as help employers optimise recruitment strategies to attract and retain top talent.

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Talent Trends in Supply Chain & Procurement

Summary:

  • Digitization is increasingly common as companies across sectors are scaling up automation processes to increase effectiveness and efficiency

  • Logistics businesses will continue to offer a lot more flexibility when it comes to providing a hybrid working environment, thus keeping the appeal high for top-talent

  • With more companies defining ESG as a standalone strategic function to reduce high carbon footprint, there is a significant increase in the number of ESG roles in supply chain as well

2023 Job Market Outlook:

Another promising supply chain trend in 2023 is to see a continued downward trend for carrier rates. At the height of the pandemic, consumer spending on goods skyrocketed and carrier capacity diminished. As a result, carriers hiked up rates for sea and land transportation and service levels worsened as labour shortages and lockdowns caused transportation backlogs.

Digitization is also increasingly common as companies across sectors are scaling up automation processes to increase effectiveness and efficiency. Technology that prioritizes data and visibility will be incredibly sought-after in 2023.

Download the full report for more information on salary benchmarks for several roles and talent trends in the Supply Chain & Procurement sector.

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