Manufacturing Supply Chain Workforce Challenges
Deloitte and the Manufacturing Institute (MI) reported that the U.S. manufacturing industry was looking to fill half a million job openings in 2021, with expectations for that number to continue to increase. It is estimated that over 2 million of those jobs are likely to remain unfilled until at least 2030 which the study warns could damage the U.S economy by up to $1 trillion.
One top of that, LinkedIn reported a 28% turnover rate increase for manufacturing supply chain positions. With open positions that are hard to fill and existing staff feeling the burden of cognitive overload, managers are struggling to meet their goals with their existing workforce.
The global competition for supply chain talent rages on for both hourly and salaried roles alongside a once-in-a-lifetime shift in where, when, how, and why supply chain professionals work. Manufacturing companies will have to work harder to make jobs more exciting and rewarding for their employees, and to do even more to generate enthusiasm around their company’s vision and future to compete with the war on talent.
Supply chain leaders must inspire a unique mix of frontline, hybrid, and remote workers. Discover how streaming the data manufacturing process using a human-centric work design can influence employment value propositions that retain and engage current employees, and attract and retain new ones.