In 2023, while risk management specialists and commodity traders consistently remained sought after, the fast-paced commodities sector underwent several hiring trends in response to evolving market conditions. Amelia Clark, RCQ's ESG Lead, provides insight on the 2023 trends and offers an outlook for 2024.
"As RCQ’s ESG lead, it’s been interesting to see an increased demand in commodities candidates who are focused on sustainability and environmental, social, and governance (ESG) considerations. Professionals with expertise in responsible commodity practices remained in higher demand in 2023 as companies commit to responsible sourcing and ethical business practices. Sustainability will remain a key driver in hiring decisions and I expect to see this trend continue in 2024.
In addition, supply chain disruptions and geopolitical uncertainties were arguably the most significant factors affecting hiring in 2023. This led to a demand for professionals’ skills in logistics and global trade as companies prioritised long-term resilient strategies to navigate complex market conditions. Additionally, professionals with a deep understanding of regulatory frameworks and compliance were also high in demand, given the evolving landscape of global trade policies. There's an anticipated increase in demand for professionals skilled in advanced technologies such as predictive analytics. These tools will play a key role in forecasting market trends, optimising supply chain logistics, and mitigating risks associated with price volatility.
In summary, the hiring trends in the commodities field in 2023 suggests a shift towards a more tech-savvy workforce. In 2024, there will be the expectation of further integration of advanced technologies, and a commitment to sustainable practices, as defining factors in shaping the hiring landscape. These factors are vital for success in the current business landscape".
