Why are the prices of electronic devices sky-rocketing?

In the last two years, the global supply chains have been greatly disrupted by the ongoing covid-19 pandemic, which has wreaked havoc on nearly all aspects of the global supply chain. The disturbance is due to the impact Covid-19 had on the countries where most of the global manufacturing capacity sits. shut down factories, displaced supply containers, blocked in the wrong port.

This has caused an extensive shortage of supplies in many fields including electronics where devices like chips and semiconductors are in high demand.

It gets even worse, many supply chain strategists and analysts don’t expect relief from this shortage at least until 2023. The problem started because of an issue in the supply chain and only supply chain experts can come to the rescue.

So how crucial are supply chain professionals in maintaining our current lifestyle?

First, What is a supply chain?

A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final purchaser. This organization includes different activities, people, entities, information, and resources. The supply chain also represents the means it takes to get the product or service from its original state to the final customer.

There are two types of supply chains. A local supply chain, a network between a company and its regional suppliers and a global supply chain is a network that can range across numerous mainlands and nations for obtaining and providing labour and products.

Supply chain experts, a necessity for companies

The current crisis has made supply chain experts a decisive necessity for companies. Employers are increasingly looking to recruit graduates who can demonstrate that they have the high-level skills and abilities to succeed in global logistics management.

Whatever the industry, and whether operating globally or nationally, it’s more important than ever for businesses to manage their supply chains and ecosystems carefully in order to succeed. Companies, government departments, and international organisations cannot survive for long without rigorous, efficient and strategic management of supply chains and logistics.

Even more so the average income of a supply chain manager/strategist is an average of €65K/yr and a highest of €110k/yr, in this day and age individuals who are efficient in supply chain management are highly sought after.

So, how can I become a supply chain expert?

Supply chain managers work in three key areas: logistics, operations and finance, for acquiring skills in these areas, a business and management degree is a must. We, at Study Abroad Algeria, will provide you with a fairly long list of universities where you can acquire a degree in this field.

Teesside University

For instance, Teesside University offers its international students a Supply Chain Management BA.

This three-year course:

• Provides you with the necessary underpinning in terms of broad supply chain management knowledge and skills,
• Let you explore more advanced topics within supply chain management
• Develop your awareness of your own responsibility as a future leader of the business.
• Finally, you have the opportunity to put your knowledge into action by undertaking a self-managed independent project through the Dissertation module.

University Of Sussex

The University Of Sussex also provides its international students with a Global Supply Chain and Logistics Management MSc.

With this course, you’ll learn to :

• Innovate and succeed in global supply chain and logistics,
• Develop a high level of strategic awareness of the whole supply chain and gain a forward-looking perspective on the world of supply chain and logistics management.

Furthermore, this course will provide innovative teaching methods including, the use of simulations, real-time projects and field trips.

Royal Holloway University of London

Likewise, Royal Holloway University of London provides an MSc in Logistics and Supply Chain Management. This university delivers a focused and highly relevant curriculum based on current thinking, real-world experience and needs in managing supply chains globally as technologies.

With the help of their insightful mandatory modules like:

• International Logistics and Supply Chain Strategy,
• Information Systems and E-Supply Chains,
• Transport and Network Design.

You’ll learn from highly experienced practitioners, including input from CEOs and senior executives from international firms across a range of industries.