The World Has Changed! Economic realities, the concern for our environment, and the digital transformation have reshaped our views of almost everything in life, including our work lives and the flexible workforce.
Since the early 90s, when IBM had its first “layoff,” companies have become more comfortable with matching expenses to revenues by deploying new employment models.
Understanding your Customer is the first and most important consideration in designing, defining and refining your company and your go to market business model. And millennials are different.
In the Retail sector one key demographic that demands consideration is that group called Millennials. Whether it be Marketing, Merchandising, Supply Chain, or any other aspect of your Go to Market experience understanding what is important to Millennials is critically important.
Everyone knows that the demographics of the Supply Chain industry are changing, and Supply Chain is becoming younger. They have to. Within a few years, demographers estimate that 400,000 baby boomers will be retiring in Canada every year.
Within the Supply Chain industry, the looming – and in fact, already-started – retirement of baby boomers and shifting job responsibilities brought about by technology are creating a talent crisis.
As explained by Brian Barry of Multichannel Merchant, millennials make a growing cross-section of the American labor force. Ignoring this generation is impossible and attracting millennials in the supply chain is an even bigger hurdle.
Since e-commerce has flooded the industry with more orders and stringent delivery expectations, supply chain leaders must think outside the box to attract and retain the next generation.
In fact, millennials will make up more than 75 percent of the workforce by 2025, so it is time for supply chain executives and leaders to enact the changes necessary to guarantee success in both the current and future supply chain.