As global supply chains continue to transform through the use of more technology in the never-ending battle to address an evolving landscape of challenges, the professionals who run these networks face new pressures daily.
The result is that supply chain professionals are seeing salaries rise. To learn more about the key salary trends, job challenges, and career satisfaction shifts in the industry, Peerless Research Group (PRG) and Logistics Management recently conducted their 2024 Salary Survey. More than 240 respondents shared their insights for the survey, which revealed several interesting trends currently taking place in the supply chain and logistics field.
To get their expert input on the survey results and feedback on the career-related industry trends, we spoke with Abe Eshkenazi, CEO at the Association for Supply Chain Management (ASCM), and Tom Derry, CEO at the Institute for Supply Management (ISM). Both contributed their feedback on the report and explained some of the surprises that emerged in this year’s survey.
The results …
Supply chain and logistics professionals working in the manufacturing sector earn the highest average annual salary of $123,450, while those working for 3PLs earn $107,900, distributors $107,500, and consulting firms $102,200. On average, supply chain and logistics professionals expect to earn $121,150 annually in 2024, with the median salary being $100,000. These salary levels are both consistent with 2023’s survey results.
This year, 25% of supply chain professionals will earn between $150,000 and $249,999 annually, while 18% will earn $120,000 and $149,999, 11% earn between $100,000 and $119,999 and 9% say their annual salaries will land somewhere between $80,000 and $89,999.
Average salaries remained consistent from 2023 to 2024, but over the past year, 58% of professionals say their salary level has increased (compared to 67% last year). Also, 33% say that their salary level has stayed the same, and only 9% say it has decreased. When asked by what percent their salary has changed, the average increase was 5% and the average decrease was 8%.
To read the full results of the 2024 Salary Survey, visit Logistics Management
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About the Author
Bridget McCrea, Contributing Editor
Bridget McCrea is a Contributing Editor for Logistics Management based in Clearwater, Fla. She has covered the transportation and supply chain space since 1996 and has covered all aspects of the industry for Logistics Management and Supply Chain Management Review. She can be reached at [email protected], or on Twitter @BridgetMcCrea
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