Manufacturers across the globe are facing failure. Unfortunately, most don't even see it coming or won't face the glaringly obvious facts. With years of great margins, being oversold, and happy shareholders, "The Great Goodbye," among other things, has allowed the workforce crisis to steadily sneak up on manufacturing leaders.
Maintaining operations, reshoring, and nearshoring efforts are all in jeopardy as a shrunken labor pool shows little interest in industry, with over 7 million manufacturing jobs lost since 1980. A career in manufacturing, once highly coveted, has experienced a new reality emerge as the labor force dynamics continue to change – where labor force participation and manufacturing desirability are declining. Failing to understand the gravity of workforce shortages or refusing to believe operations are being threatened will place companies in a situation where errors are realized too late.
This LNS Research Transformational Blueprint provides Global Operations Vice Presidents with a template for executing workforce initiatives that win the war for talent.
In the Future of Industrial Work (FOIW): Developing a Sustainable Workforce Strategy eBook
, LNS Research reveals best practices across people, process, and technology, along with the strategic imperatives found driving the success of FOIW Leaders. This report dives deeper into FOIW strategies that significantly improve frontline hiring, training, and retention.
Industrial organizations will be better prepared to build a future-proof workforce and operations with FOIW best practices and insights into:
- Why current manufacturing practices fail next-gen workforce expectations
- What strategic FOIW imperatives are driving step change improvements across hiring, training, and retention
- How to overcome workforce challenges with proven best practices
- Which pitfalls manufacturers face most, and how to avoid obstacles to success
Manufacturing leaders must decide on the path to take: act now or the workforce crisis rapidly gains momentum across the industrial landscape or wait and see if the ways of the past return. History provides strong warnings of choosing the wrong path, with examples that include throttling existing facilities, having another entity assume operations, or worse yet, shuttering facilities and creating a rippling effect across the globe.
Download the full Transformation Blue below to learn more.