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As a talent advisor and recruiter specialising in the supply chain industry, I’ve had the privilege of witnessing the evolution and growth of Ireland’s supply chain market first-hand. With its strategic location, skilled workforce, and dynamic business environment, Ireland has emerged as a key player in the global supply chain landscape.
Here, I delve into some key insights and facts that shed light on the current state of the supply chain market in Ireland, and reinforce why Ireland truly is a global leader when it comes to supply chain.
Thriving Logistics Infrastructure
Ireland’s strategic location as a gateway between Europe and the United States has positioned it as a hub for logistics and distribution activities. The country boasts a robust network of ports, airports, and roadways, facilitating efficient movement of goods across borders. According to the Central Statistics Office (CSO) of Ireland, the value of goods exports from Ireland reached €165.7 billion in 2021, highlighting the significance of the country’s logistics infrastructure in facilitating international trade.
Embracing Technological Advancements
In recent years, technological innovations have revolutionised the supply chain landscape, and Ireland is at the forefront of this transformation. From blockchain and IoT (Internet of Things) solutions to AI-powered analytics and automation, companies in Ireland are embracing cutting-edge technologies to optimise their supply chain processes.
According to a report by Enterprise Ireland, 70% of Irish companies have invested in digital transformation initiatives to enhance their supply chain capabilities, underscoring the widespread adoption of technology in the industry.
Talent Pipeline and Skills Development
The availability of a skilled workforce is crucial for sustaining growth in the supply chain sector, and Ireland most certainly excels here. The country’s strong education system, coupled with proactive initiatives by industry stakeholders, has ensured a steady supply of talent with specialised skills in logistics, procurement, and supply chain management.
According to data from the Irish Universities Association, over 5,000 graduates are annually produced from logistics and supply chain management-related programmes in Ireland, feeding the talent pipeline for, and meeting the industry’s demand for skilled professionals.
Sustainability and Ethical Sourcing
In line with global trends, sustainability and ethical sourcing have emerged as key priorities for companies operating in the supply chain sector. Ireland’s supply chain market is no exception, with companies actively seeking to reduce their carbon footprint, minimise waste, and promote ethical labour practices across their value chains.
According to a survey conducted by Bord Bia, the Irish food and drink industry’s commitment to sustainability has led to a 50% reduction in carbon emissions per tonne of output since 2010, reflecting the industry’s progress towards sustainable supply chain practices.
Navigating Supply Chain Disruptions
There is no doubt that the last 4 years have presented a number of unprecedented challenges to economies across the globe, all of which have underscored the importance of resilience and agility, and in particular within supply chain management.
However, it is one sector that has, and continues to demonstrate remarkable resilience in adapting to evolving market dynamics. In fact you could go so far as to say it is one of, if not THE, leading industry to demonstrate resilience and adaptability.
According to a survey by the Irish Exporters Association, 78% of Irish exporters have implemented changes to their supply chain strategies in response to the pandemic, and other key global events and challenges, highlighting the industry’s proactive approach to mitigating risks and ensuring business continuity.
There is no doubt that Ireland’s supply chain market presents abundant opportunities for professionals and organisations alike, driven by factors such as thriving logistics infrastructure, technological advancements, and a skilled workforce. It is an exciting and ever evolving space and one that provides many positive opportunities, and lots of space for growth and innovation.
Curious?
If you would like to know more about the supply chain market, and are considering a change, get in touch with Cliodhna O’Brien, Business Lead with Barden’s Supply Chain & Procurement Practice, and she’ll take it from there.