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The COVID-19 pandemic has resulted in mounting challenges faced by manufacturers and logistics firms, such as depleting and idling stock, a dip in productivity due to workforce measures and the inability to meet contractual obligations.
Regional offices based in Hong Kong SAR are investing in strengthening their in-house digital capabilities through data. The use of data allows more organisations to better anticipate consumer demands and troughs, enabling them to better align their production and logistics to meet demands. Businesses can also use these trend analytics to automate orders and pin them against their real-time stock, preventing overstocking and resulting in higher fulfilment levels.
Actual product management is another area that is still hiring. Candidates in this space tend to look for employers that can provide regional exposure and a higher level of job security. There is also strong demand for talent in indirect procurement. Employers are seeking experienced candidates who possess good knowledge in IT procurement as well as experience in overseeing budget control initiatives.
2021 labour and salary trends for professionals in sourcing & supply chain
Due to the technical nature of the job in the sourcing and supply chain sector, it is not easy for professionals to switch between sectors without taking a significant pay cut or accepting a less attractive job title. Organisations also still prefer candidates with relevant product knowledge and experience, as opposed to job seekers with a background in another vertical.
Overall, candidates looking to change careers are not expecting a high salary increment in 2021. Most candidates would rather work with a company that is financially stable, even if the salary offered is the same as their last drawn salary.
download the digital copy of the hong kong SAR 2021 market outlook and salary snapshot
key highlights in the sourcing & supply chain segment outlook in 2021
- evolution of job responsibilities and required skills for sourcing & supply chain in 2021.
- anticipated job mobility of professionals across industries and different levels of seniority.
- salary snapshots for more than 20 different sourcing & supply chain jobs.
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read more on 2021 talent trends in hong kong SAR in other industries:
- banking & financial services
- compliance & risk management
- accounting & finance
- human resources & business support
- sales & marketing
- information technology
- life sciences
If finding exceptional talent for your business is a key challenge or if you want to take your workforce ready for the future of work, please get in touch with us. You can also check our key areas of expertise in supply chain recruitment.