Supply chain salaries continue to increase in the United States, rising 4% year-over-year according to new research released this morning by the Association for Supply Chain Management (ASCM).
Salaries in 2023 increased by 4% to reach an average of $103,000 annually in total compensation, including a base salary of $95,000, besting last year’s $98,570 in total compensation. It is the first time the average supply chain salary has surpassed the $100,000 mark. Top performers—those in the 90th percentile—are pulling down $161,000 in base compensation and $201,000 in total compensation.
Additional compensation includes cash bonus (64%), profit sharing (13%), incentive pay (8%), overtime pay (8%), and other cash compensation (7%).
ASCM found that salaries across the board increased, regardless of experience levels. Those with 20 years or more saw their compensation increase from $120,000 a year ago to $126,000 in the latest report. Those with more than 10 years of experience also saw a jump, from $100,200 to $105,000.