Hottest MBA Degree Now? Supply chain management

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When the COVID-19 pandemic struck, everything from face masks To toilet paper was in short supply. As businesses look beyond the pandemic, more and more emphasis is placed on supply chain management to ensure they can meet increased demand, when and where. it increases.

“Consumers will continue to want low prices (especially during a recession) and businesses won’t be able to charge more just because they manufacture in more expensive domestic markets,” Willy C. Shih, Professor of Management Practice in business administration. at Harvard Business School, written for the harvard business review. “Competition will ensure that. In addition, the pressure to operate efficiently and to use capital and manufacturing capacity sparingly will remain relentless. The challenge for companies will be to make their supply chains more resilient without weakening their competitiveness. “

COMPANIES ARE HUNGRY FOR TALENT IN THE SUPPLY CHAIN

To transform their supply chains, many companies are turning to business schools looking for new talent, Bloomberg reports. And business schools are stepping up their programs with more emphasis on supply chain management.

At Arizona State University’s WP Carey School of Business, a new certificate in supply chain resilience is in the works, according to Bloomberg. At Penn State’s Smeal College of Business, a new master’s course in supply chain risk management will be added to the curriculum next year and will include lessons from the COVID-19 pandemic.

“It’s not like we’re not brooding risks already, but it would give them a deeper dive,” said Kevin Linderman, president of Smeal’s supply chain and information systems department. Bloomberg.

At Georgia Tech’s supply chain career fair, 50 companies, including Honda, Honeywell and Proctor & Gamble, are expected to attend this year, a record number that doubles the typical number of companies attending.

In a EY survey of senior supply chain executives, 65% say improving efficiency is a top priority for next year. 61% say they prioritize retaining and retraining their supply chain workforce over the next year.

And it’s not just employers who are emphasizing the need for supply chain management. According to Alok Baveja, a professor at Rutgers Business School, new business school students, who traditionally seek finance, are now showing a greater interest in the subject as well.

For students who graduate with an MBA in Supply Chain Management, the outlook is certainly bright. According to US Bureau of Labor Statistics, the employment outlook for management analysts has a projected growth rate of 14% from 2020 to 2030.

Sources: Bloomberg, harvard business review, EY, U.S. OFFICE OF LABOR STATISTICS

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