Industry Challenges

The global manufacturing industry is undergoing a significant transformation driven by automation, digitalization, and a growing focus on sustainability.

Economic Uncertainty: Global economic uncertainty is a major headwind for manufacturers, making it difficult to plan for the future https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-2023-outlook-manufacturing.pdf.
Supply Chain Disruptions: Lingering supply chain issues persist, causing delays and raising costs https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-2023-outlook-manufacturing.pdf.
Skilled Labor Shortage: The shortage of skilled labor continues to be a challenge for manufacturers around the world https://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-2023-outlook-manufacturing.pdf.

The manufacturing sector underperforms in employing women, Black workers, & younger generations

Underperforming with Women

Woman are 41% less likely to work in the manufacturing sector compared to women working across all industries, on average

Diversity is STILL Needed

The manufacturing sector is on par for attracting Hispanics/Latinos & more likely to employ White & Asian individuals, Black/African Americans and Multi-Racial/Other individuals are less likely to work in the industry

Skewing Older, #1 Age Group

Gen Z & Millennials are least likely to work in manufacturing roles vs. other age groups.
Adults age 55+ are the most likely age group in manufacturing, followed by adults ages 45-54

Industry Challenges

The global manufacturing industry is undergoing a significant transformation driven by automation, digitalization, and a growing focus on sustainability.

Skills Gap

The rapid pace of technological change creates a gap between the skills employers need and the skills existing workers possess.

Workforce Planning

Poor workforce planning is a major barrier to growth for many manufacturers. Companies need to anticipate future skill needs and invest in training programs.

Diversity and Inclusion (DEI)

A lack of diversity and inclusion can limit the talent pool and hinder innovation. The Re:Work 2024 findings suggest that many organizations are not displaying progressive attitudes towards DEI, leading to high turnover rates among minority groups [Source: Script Provided].

Employee Engagement

Low employee engagement can lead to decreased productivity and higher turnover. Companies need to create a positive work environment that motivates employees.