Owner Operator News

  • There are over 679,127 Owner/Operators currently employed in the United States.
  • The average age of an employed Owner/Operator is 48 years old.
  • The most common ethnicity of Owner/Operators is White (67.5%), followed by Hispanic or Latino (15.2%) and Black or African American (11.4%).
  • Owner/Operators are paid an average annual salary of $201,969.
  • Owner/Operators average starting salary is $140,000.
  • The top 10% of highest-paid Owner/Operators earn as much as $289,000 or more.
  • Owner/Operators are more likely to work at Private companies in comparison to Public companies.

Supply Chain News for businesses!

The supply chain is a crucial part of various industries. So much so, that many companies say it is what enables them to grow their business. With the current coronavirus situation, supply chain management is becoming more important. Today, it isn’t just believed to be one of the top drivers of customer service improvement. It is also a case of business survival.

Even before the COVID-19 pandemic hit, the supply chain market size has been increasing. Professionals have been investing more in SCM strategies that can allow them to cut costs, automate processes, as well as expand their reach. Here is a look back into the previous years through these general key statistics.

Pre-Pandemic Perception of Supply Chain Management

  • 57% of companies believe that supply chain management gives them a competitive edge that enables them to further develop their business. (GEODIS, 2019)
  • A majority of industry professionals (70%) predict that the supply chain will be a key driver of better customer service before the end of 2020. (Accenture, 2018)
  • The factors that increased supply chain spending in 2018 are cutting costs (25%), SCM automation (25%), and market expansion (23.7%). These were followed by data and analytics (6.6%), customer service (4%), adding new talent (4%), eCommerce (2.6%), direct-to-consumer sales (2.6%), and mobile-enabled consumers (1.3%). (Reuters, 2018)

Pre-Pandemic Supply Chain Priorities

Supply chain statistics show that over the past few years, there have been many changes in industrial processes. Consequently, the priorities and growth initiatives of companies have also evolved.

In the coming years, you will see that supply chain professionals will pay more attention to improving service quality and performance management. Moreover, we can expect that many companies will soon become more proactive in reinforcing supply chain processes using analytics.

  • The top priorities among supply chain organizations in 2018 are improving service quality, focusing on performance management, and investing in data analytics. (APQC, 2018)
  • 65% of executives in the logistics, transportation, and supply chain sectors report changes in industry processes. (Forbes, n.d.)
  • 30% of supply chain professionals say that a quick response to customer mandates is a top business priority. (Logility, 2018)