- Rapid shifts in global supply chains over the past five years have made companies pay more attention to their supply chain management (SCM) functions.
- Singapore is becoming a preferred SCM hub for global companies, with leading industry players like Procter & Gamble, Schneider Electric and VF Corporation anchoring SCM functions here.
- There is growing demand for SCM talent across many industries, along with more opportunities for local small and medium-sized enterprises (SMEs) and startups.
- There are currently around 70,000 SCM professionals in Singapore. New talent initiatives will equip the local workforce with the skillsets and capabilities to access good SCM jobs such as supply chain planning, sourcing and procurement, and logistics management.
The Singapore Economic Development Board (EDB), SkillsFuture Singapore (SSG) and Workforce Singapore (WSG) today launched new continuing education, training and skills development initiatives to develop and grow the pool of SCM professionals in Singapore. Findings from the inaugural SCM-Jobs Transformation Map (JTM) study1 were also released to give businesses insights into the trends reshaping SCM functions, a forecast of how SCM roles will transform, and guidance on how employers can upskill employees to prepare them for new ways of working. The study was jointly commissioned by EDB, WSG and the Ministry of Manpower, in partnership with SSG.
The initiatives and study findings were announced by Minister of State (MOS) for Trade and Industry Low Yen Ling on 10 July 2023, at the supply chain event titled “Singapore – Leading Supply Chain Management Hub in Asia” jointly organised by EDB, WSG and the Singapore Business Federation. MOS Low also highlighted top-line findings from an industry survey by global research and advisory firm Gartner, developed with EDB, to analyse how companies are adapting their Asia Pacific supply chains in response to various risks and disruptions. More insights from the EDB-Gartner survey will be released in the coming weeks.
Global trends
An increasingly complex global operating environment has resulted in two significant supply chain shifts which present new opportunities for Singapore.
- The diversification of business and supply chains within Asia are increasing investments in manufacturing and SCM activities and job roles in Southeast Asia.
- Trends around digital and sustainability, as well as the desire for more resilient and responsive supply chains, are changing the job scopes and required skillsets for SCM job roles.
New SCM job scopes and skillsets
- Supply chain planning in Asia Pacific: As companies expand sourcing and manufacturing networks within Asia Pacific, there is increasing focus on optimising supply and demand planning and managing risk of disruptions at the regional level.
- Sourcing and procurement: Driven by the need to reduce reliance on a single source and to drive sustainability, global companies are looking for expertise to help expand sourcing and procurement activities and diversify their supplier base across South and Southeast Asia, while meeting ESG (Environment, Social and Governance) concerns.
- Logistics management: Companies are investing in logistics management capabilities to orchestrate a more efficient and resilient flow of raw material supplies to manufacturing facilities, and transportation of goods from the manufacturing facilities to end customers.
Preliminary findings from the EDB-Gartner industry survey indicate that 49% of surveyed business leaders with supply chain operations in Asia Pacific identify planning as the top area in need of upskilling and retraining. This is especially salient for data-driven decision-making roles such as supply planners and demand planners.
Ramping up efforts to develop SCM professionals
The following talent initiatives will be/have been introduced to meet the growing demand for skilled SCM professionals:
a) Equipping our workforce with the skillsets to take on SCM job roles
i. Pilot Supply Chain Masterclass: The Singapore University of Social Sciences (SUSS) and o9 Solutions, a globally leading software provider, are coming together to offer a Masterclass that addresses the emerging digital and resilience skillsets required for advanced supply chain planning. The Masterclass targets junior- to mid-level supply chain planners and is scheduled to run in the third quarter of 2023.
ii. Industry Practice Masters (IPM):
The Singapore Management University (SMU) Academy is slated to launch its first IPM this year. The IPM will include a SCM specialisation track, focusing on digital supply chain and intelligence. The curriculum features modules offered by the SMU Academy for priority skills identified by SSG that have high demand and transferability. The target learners for the IPM include mid-career professionals seeking to acquire industry-relevant skills and knowledge.
iii. Graduate Diploma in Logistics and Supply Chain Management: SUSS will introduce a new postgraduate programme for 20 students in January 2024. The one-year Graduate Diploma will cover emerging developments in SCM, such as supply chain digitalisation, supply chain analytics and green supply chains, and will involve both academics and senior industry practitioners.
iv. SkillsFuture Career Transition Programme (SCTP) in Digital Supply Chain: The Singapore Institute of Technology (SIT) will offer the first run of SCTP from 2024 targeting mid-careerists who intend to transit to SCM job roles. The programme aims to equip participants with in-demand supply chain competencies. Participants will also develop strategies to enhance supply chain resilience, gain exposure to major applications of supply chain information technology and recognise the significance of innovation and sustainability in the supply chain industry.
v. Revamped Work-study Diploma (WSDip) in Logistics and Supply Chain Management: The Institute of Technical Education’s (ITE) WSDip in Logistics and Supply Chain Management course was revamped for its April 2023 intake. The newly-added work-situation-based curriculum focuses on building SCM skills and knowledge in the areas of digitalisation, technologies and innovation, sustainability, data analytics and operational excellence. Industry partners, such as co-training partners, conduct 80% of the OJT training at their workplace, with the remaining 20% being conducted by lecturers from ITE College East. Since its launch in 2019, the industry participation rate has grown from nine to 38 companies. The annual intake of WSDip trainees has also increased from 23 in 2019, to 76 in 2023.
vi. Career Conversion Programme (CCP) for Supply Chain and Logistics Professionals and Coordinators: This On-The-Job training (OJT) programme was launched in May 2023 to reskill Singaporeans to adapt to growing supply chain careers or redesigned job roles. It covers supply chain planning and development, e-commerce supply chain management, sourcing and procurement, and material supplies management. Companies that hire mid-career individuals or reskill existing employees may receive up to 90% salary support for the CCP duration.
One-stop reference guide on SCM job roles and skills
b. SCM Skills Plan: EDB and SkillsFuture Singapore (SSG) are co-developing a one-stop reference guide for companies’ in-house training teams, schools and training providers, highlighting trends that will reshape SCM job scopes and raising awareness on in-demand skillsets that SCM practitioners need to remain relevant and competitive. The SCM Skills Plan will guide training providers in curriculum development, help enterprises in the enhancement of their in-house SCM training programmes, and provide individuals with information to upskill and reskill to take on jobs in SCM. The SCM Skills Plan will be launched on 31 July 2023, and can be found on the EDB website.
