This Specialization Is Red-Hot This Winter & It’s Not Marketing Or Finance!

Did you know that Supply Chain Management has emerged as a must-have degree, post the pandemic? “Incoming business students who once defaulted to finance or marketing now want to explore supply chain management”, says Alok Baveja, a professor at Rutgers Business School.

What is causing this paradigm shift?
Empty store shelves, huge cargo ships stuck in the Suez Canal, factory shutdowns, ports closed; such reports of supply chain glitches were news headlines almost every other day during the pandemic. It dismantled the popular just-in-time inventory systems, in which the companies maintained lean inventory stocks, just enough at all given times, to reduce the costs. Nearly 75% of companies worldwide experienced disruptions due to the pandemic, as per a report by A.D. Little. Worse still, most companies have reported a lack of any contingency plan to deal with a problem of this magnitude. For years together, companies had been ignoring supply chain and logistics, and the pandemic caused them to rethink.

How are things shaping up in India?
Investment into India’s supply chain infrastructure is gaining momentum. The introduction of GST, liberalization of the FDI rules, and increased government spending like PM’s Gati Shakti Yojana has helped spur growth in the sector, as per a report by India Briefing. In the last three years, India’s supply chain sector has seen an influx of both foreign and domestic investments. The Union Budget’s allocation towards infrastructure in 2021 was a whopping Rs. 1.77 lakh crores with ongoing plans to improve regional connectivity through road, rail, & inland waterways.

All of these factors have put the spotlight back on the supply chain industry. As a result, more and more students have started to think about choosing a career in the domain of Supply Chain Management. If you are also interested in building a stellar career in this red-hot space, then there cannot be a better way to kickstart your career than AltUni’s Certificate Program in Supply Chain Management with SPJIMR and Ecom Express. This program has been designed in association with India’s top b-school, SPJIMR and Ecom Express, a leading logistics solutions provider and it provides an opportunity to the participants to interview with Ecom Express for a full-time Supply Chain Management role! In our YouTube webinar with India's top b-school SPJIMR and leading logistics solutions provider Ecom Express, Prof. Nilendra Singh Pawar, Faculty - Operations and Supply Chain Management from SPJIMR said that the performance benchmark of the industry has been elevated in recent times due to the advent of e-commerce. Even the companies with a traditionally strong supply chain had to innovate to cope-up with the increasing customer expectations. Prof. Pawar also noted that another important factor is the tech innovation in the industry. The sector is highly dynamic with a vast change expected in 3-4 years.

Demand for skilled professionals:
Companies have started to pay more attention to upskilling their supply chain professionals, who were not prepared for disasters like this. It also prompted business schools to refresh their supply chain curricula to make sure the next generation of supply chain managers is prepared for future crises. B-schools are now emphasizing proficiency in skills such as risk mitigation, data analytics, and production reshoring, while also carving out more room to explore intangible topics like ethics, communication, and sustainability.

AltUni’s online Certificate Program in Supply Chain Management has a curriculum that has been adapted to suit a post-pandemic world, designed by faculty from India’s leading b-school, SPJIMR. You can read more about the program here. With live lectures on SCM delivered by India’s top academia and faculty from SPJIMR, this program will equip participants for the modern Supply Chain Management techniques and even the new technologies used in this industry.

Why should you think about this?
With the rapidly changing times, organizations need to bring in new talent and train existing staff to help them adopt changing technologies for faster decision-making. The focus is on building skills for automation, the IoT, and data-driven decision-making to facilitate the transition to a technology-enabled supply chain.

The demand for skilled professionals in this industry is rising sharply; by 7% every year. As reported on Glassdoor, a Supply Chain Manager earns up to Rs. 10-12 Lakhs p.a. on an average, increasing with experience.

Summing up:
Considering the ensuing supply chain disruptions in aftermath of the pandemic, the Supply Chain industry graph and the demand for skilled talent will only increase! It is an apt time to hop on to this upward trend, to fast-forward your career. One of the best ways to do this is to explore AltUni’s Certificate Program in Supply Chain Management.

Register For The Certificate Program, Claim Scholarships & Exciting Discounts & Boost Your Career Growth!

Applications Close on 25th Dec.2021!