Growth in procurement and supply chain professionals’ salaries not only shook off the effects of the coronavirus pandemic but outstripped that seen in other sectors in 2020, data has revealed.
A study by recruitment firm Reed found average salaries in the procurement and supply chain sector in the UK grew by 4.5% in 2020, compared to a national average of 2.32%.
This made procurement and supply chain the second highest performing sector for salary increases, behind sales, which saw 6.4% growth.
Procurement and supply chain’s average salary is now £48,700, compared to the national average of £36,717.
And the importance of logistics during a year blighted by the coronavirus pandemic was reflected in the salary growth of logistics managers’ roles.
The role of logistics manager saw growth of 9.1%, compared to 7.3% for demand/supply/ materials manager and 7.3% for supply chain manager.
The largest rises seen in procurement roles were for category managers (6%), buyers (4.9%) and assistant buyers (3.2%).
“Despite the unprecedented challenges it faced in 2020, with the combined impact of Covid-19 and Brexit, procurement and supply chain was one of the best performing sectors in the country when it came to salary growth,” said the report.
Sarah Hewitson, executive business manager at Reed Procurement & Supply Chain, said: “While the procurement and supply chain sector has been heavily impacted by both Covid-19 and Brexit, its critical role in keeping vital supplies moving has come into the spotlight.
“Although the pandemic has exposed the vulnerabilities of complex supply chains, it has demonstrated the value of talented supply chain and procurement experts.”
Hewitson said Brexit would mean managing supply chain disruptions will continue to be a challenge in 2021, as the sector adapts to being outside of the EU and firms look to reduce risk and build resilience into supply chains.
This is likely to mean that supply chain expertise will continue to be very valuable.
“Salaries in this sector have been increasing over the past few years and we expect this to continue in both procurement and supply chain roles next year,” Hewitson added.
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