Shortage of Skilled Workers Hampers Manufacturing Industry
U.S. manufacturers are increasingly reaching the outer limits of their capacity constraints.
U.S. manufacturers are increasingly reaching the outer limits of their capacity constraints, according to CliftonLarsonAllen’s fifth annual Manufacturing and Distribution Outlook, and the primary factor driving capacity limits is a shortage of skilled workers. The manufacturing and distribution companies that participated in the survey said they are adjusting to this “new normal” by changing their recruiting and hiring practices. They are reportedly focused on finding trainable workers, rather than those who are already skilled, and then providing the necessary on-the-job training.
The report also reviews responses from nearly 600 CliftonLarsonAllen clients and non-clients on a wide range of topics, including: revenue expectations and profitability; growth opportunities and strategies; challenges facing the industry; ownership/leadership transition planning; customer diversification; continuous improvement initiatives; and global trade opportunities.
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