Hottest degree – supply chain management
Looking for a degree program where 76 percent of students get a job on or before graduation? That’s the Employment rate for Supply Chain Management (SCM) majors and MBAs, according to the market research company Gartner. That number climbs to 93 percent within three months of graduation.
Colleges and universities mirrored the company for decades by briefly leaving CSM behind. However, that is changing rapidly.
“For years we took logistics for granted,” said Skrikant Datar, dean of Harvard Business School Bloomberg. “The pandemic made us rethink it.”
Other schools add or expand supply chain management programs. In addition, much of this coursework will deal with real-world supply problems.
Penn State is expanding its master’s program to include a realistic supply chain risk management program. As a result, it will draw heavily on the pandemic experiences of Hershey and Dell Technologies.
Programs at other schools often have faculty with experience in dealing with supply chain problems in large companies.
In addition, the large corporations are looking for graduates.
Take this quote from Global trade every day at the University of Tennessee’s two annual job fairs for supply chain students.
“Around 1,000 students come to these trade fairs in order to finally get in touch with 160 to 180 Fortune 500 companies for internships, full-time jobs and cooperation programs.”
A degree in supply chain management could give graduates a job in logistics, purchasing or management. The US Department of Labor’s Bureau of Labor Statistics (BLS) expected Logistics jobs by 8,200 or four percent over the next eight years. In the meantime, Management Analyst jobs are expected to increase by 11 percent, according to the BLS.
The average annual base salary for an MBA in Supply Chain Management is loud. over $ 86,000 Pay scale. A bachelor’s or advanced degree in supply chain management can qualify for a range of jobs and salaries. At the lower end, the average buyers are $ 58,889. Directors of Supply Chain Management averaged $ 139,865.
TINA dampens economic concerns
Economists have started lowering expectations for economic growth. Therefore, many investors seek consolation from their old friend TINA.
But wait. It’s not what you think TINA is an acronym. It stands for “There is no alternative”. The note is for investors who are charging their stocks because other investments offer poorer returns.
Goldman Sachs lowered its growth forecast for the year from 6.4 percent to 6 percent.
At the same time, Goldman continues to expect stocks to grow.
Goldmann is not alone. July Bank of America Global fund manager survey 47 percent believe the economy will improve. That’s a decrease from a high of 91 percent in March.
Delta and TINA
Fund managers and investment banks are diverging earlier projections due to ongoing concerns about the delta option and supply chain disruptions.
“The coronavirus situation has worsened in recent months,” said Goldman’s September 6 investor announcement. “New cases per day rose from 20,000 to 163,000 (based on a 7-day moving average), daily deaths have increased six-fold, and hospital admissions are now above the winter peak in the south.”
Investors tend to look for conservative investments in times of economic uncertainty. However, given the low bond yields, many see stocks as the only option. So you have the TINA effect.
Many forecasters like Goldman have lowered their growth forecasts. Most remain bullish on stocks, however.
Bank of America is an exception. His head from US equity and quantitative strategy, Savita Subramanian sees modest growth in stocks through 2022.
Regardless of the predictions, many investors are still in love with TINA.
What could go wrong
The TINA effect is based in part on group participation. It becomes a self-fulfilling reality when more people join in. As a result, stock prices can exceed value. This creates a bubble. If the economic wind changes, this bubble can burst.
Misinformation has consequences
The spread of misinformation by foreign sources is well documented. However, misinformation is also being spread from domestic sources, which affects our health choices and our wallets.
How Misinformation Affects Your Finances
A 2019 report by Roberto Cavazos of the University of Baltimore and cybersecurity firm CHEQ shows that misinformation costs the stock market $ 39 billion annually. However, the global impact is almost twice as high.
“This first in-depth economic analysis of the economic impact of the problem says the price to the world economy is $ 78 billion each year,” said the University of Baltimore, “with economic damage done to large sectors including politics, finance , Advertising, online trade and media. “
The report found that misinformation “affects everything from stock markets to media, reputation management, election campaigns, financial information and healthcare.”
What a tangled web
Misinformation spreads quickly over the internet.
A report from science found that false information spreads 70 percent faster than factual information.
According to the report, the top percent of fake news was distributed to 1,000 to 100,000 people. Whereas verified factual reports rarely reached more than 1,000 people.
Public health hazard
General surgeon Dr. Vivek Murthy recently declared misinformation to be a public health hazard.
Dr. Murthy specifically cited misinformation about COVID and vaccines. However, his warning extended to all false information on the Internet.
“From the tech and social media companies who have to do more to combat proliferation on their platforms, to all of us who identify misinformation and avoid it from passing on.” said Dr. Murthy“Addressing this challenge requires a society-wide approach, but is critical to the long-term health of our nation.”
How to Combat Misinformation
Don’t be a spreader.
Before you hit the share button, ask yourself:
- Does the article give credible references and include links to original sources? If not, it might not be reliable.
- Is there transparency about the author and website? For example, District Media is the parent company of SA and you can find tabs for “About Us”, “Our Team” and “Contact Us” on our home page.
- Is the article published by an individual or on a credible website? Anyone can write anything on social media. However, if the information is published on an established website, it has likely had to pass an editorial review.
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