Supply chain salaries jumped 4% in 2017: 5 things to know

The salaries of supply chain professionals increased faster than overall U.S. wage gains in 2017, according to data from the Institute for Supply Management cited by The Wall Street Journal.

Here are five things to know.

1. Salaries for supply chain professionals increased 4.1 percent in 2017, marking a continued trend of pay growth for the sector.

2. Average hourly wages for all U.S. workers increased 2.5 percent last year.

3. Half of supply chain professionals earned at least $100,000 last year, up from 47 percent in 2016, according to ISM.

4. Average overall compensation for supply chain professionals, including bonuses, was $117,425 in 2017.

5. ISM attributes the wage increase to increasing freight and material costs. Companies are now willing to pay buyers, planners and transportation managers more to help offset these costs.

More articles on supply chain:
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