Procurement – EEA / UK Life Sciences Labour Market Trends, July 2023
Recruitment into Procurement dips after hitting record levels
Key findings include:
- The EU-27 countries forecast to have a decline of 11.8% in 2023
- Germany has a sharper fall, down 16.3% while the UK is down 27.9%
- Switzerland also significantly down, with a drop of 26.8%
- Vertex is one to watch, as is on track for an increase of 114.3%.
Within the EU-27, the month of March 2023 witnessed the highest monthly total this year, with 461 published Procurement/Supply Chain jobs. However, Q2 has seen a marked dip since then, hence the EU-27 countries are expected to undergo a decrease of 11.8% in 2023, according to Life Sciences specialists CPL, and labour market data analysts Vacancysoft.
UK declines faster than the EU
Meanwhile, the UK half-year analysis shows a sluggish market, with a noticeable -34.2% decrease in vacancies compared to the same period in 2022 and is projected to experience a significant -27.9% year-on-year decrease.
The DACH region performs well under the EU average
In Germany, the 2023 outlook also appears negative, with a projected decrease of -16.3% throughout 2023. The other point is that the slowdown has accelerated in Q2, compared to Q1. This trend though, is being seen not just in Germany but across the continent. Looking beyond the EU, we see the forecast for Switzerland is also a substantial year-on-year change of -26.8%
JAMES CHAPLIN – CHIEF EXECUTIVE – VACANCYSOFT – comments:
“After a record period, it is worth looking at the current volumes with that in mind. While 2023 won’t be a record year, we do believe activity as is, is likely to stabilise at this point.”
Top firms
GSK remains one to watch, as the leading recruiter in this field. Looking at this year, though, we see a decline of 17.6%. In contrast, Vertex, a pharmaceutical company gaining momentum, is expected to experience a significant surge in 2023. According to estimations, Vertex could witness a remarkable growth rate of 114.3%. Nonetheless, it is worth drawing attention to that of the top twenty companies recruiting for this area, only four have had higher levels of vacancies in 2023 than in 2022.
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