50% of supply chain execs made $100k+ in 2017 — and companies are boosting their pay

Amid rising freight and raw materials expenses, companies are upping salaries for supply chain professionals, The Wall Street Journal reports.

Here's what you should know:

1. The average salary for supply-chain professionals rose 4.1 percent in 2017.

2. The increase in average salary for supply chain professionals outpaced U.S. wage gains for other U.S. professionals. The growth was in line with recent years.

3. Inflation and heightened tensions between the U.S. and trading partners could drive supply chain salaries to rise at an increasing rate in the coming year.

4. Fifty percent of supply management professionals surveyed by the Institute for Supply Management earned at least $100,000 in 2017, up from 47 percent in 2016.

5. Average total compensation for supply-management professionals, including bonuses, was $117,425.

6. Information technology skills and engineering expertise are in high demand.

More articles on supply chain:
UPS to deliver critical shipments to ASCs within 4 hours — 5 insights
Allergan to sell women's health, infectious disease businesses to stop stock slide — 4 insights
McKesson Medical-Surgical: 3 inventory management tips for ophthalmology ASCs

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