Manufacturers enjoy talking about the new technologies available as we speed ahead to Industry 4.0. And while it is true (very true) that improved technologies and the increase in data those new technologies provide are drivers for success, it is only with the right people in place that business can thrive.
Over the next decade, 4.6 million manufacturing jobs will likely be needed, and 2.4 million are expected to go unfilled due to the skills gap. Moreover, according to a recent report, the lack of qualified talent could take a significant bite out of economic growth, potentially costing as much as $454 billion from manufacturing GDP in 2028 alone. (Source: Deloitte and The Manufacturing Institute)
But this isn’t a future problem. It is today’s problem and it is already negatively impacting the bottom line for many businesses. During the first quarter of 2019, more than 25% of manufacturers had to turn down new business opportunities due to a lack of workers, according to a report from the National Association of Manufacturers (NAM).
Manufacturers need to respond to this issue. NOW. We need to start by changing the perception of what it means to work in smart manufacturing. We need to show potential workers what is happening inside our plants and what a career in manufacturing can look like — good pay, clean facilities, challenging work and advancement opportunities.
We can start this by taking simple steps like participating in Manufacturing Day activities, opening our doors to the public and letting them see what we do. Show them how manufacturing has changed. Manufacturing Day is held the first Friday of October each year to help dispel common misconceptions about manufacturing in a coordinated effort and while it is growing, still not enough businesses are involved.
We can’t solve our labor problems in a day. We also need to embrace new talent pipelines, work with schools to encourage students receive the basic training needed to join our teams, create co-op and intern opportunities, invest in training, and adapt our culture to better appeal to the younger generations we need to join us.
Our younger generations are highly technical. They don’t know of a world without technology and automation. Their ability isn’t the issue. We need to convince them that they can find success and rewarding careers in manufacturing and then help then gain the skills to become productive members of our teams.