Understanding the Basics of Supply Chain Management

pilots are expected to hang up their hats in the next few years as they reach the mandatory commercial pilot retirement age of 65. And there’s no large group of applicants sitting waiting to replace them. Boeing estimating an incredible shortage of 790,000 or more pilots across the world over the next two decades. In the shorter term, the domestic industry can expect more than 8,000 unfilled vacancies per year by 2020, and five years later that number could be higher than 12,000 pilot-less flights in need of help. This spells trouble for your supply chain because even if you don’t personally rely on flight to get items delivered, chances are at least one of your key suppliers does.

Understanding the Basics of Supply Chain Management

Just as we’ve found with the truck driver shortage, the impetus behind skilled labor leaving is many-fold. Demographics play a large role—a massive amount of pilots are expected to hang up their hats in the next few years as they reach the mandatory commercial pilot retirement age of 65. And there’s no large group of applicants sitting waiting to replace them.This is likely because it’s becoming considerably more difficult to obtain a pilot license than it was ten years ago. 

Supply Chain Management is the management of the flow of goods and services, including the movement and storage of raw materials, work-in-process inventory, and finished goods, from the point of origin to the point of consumption.