The Covid-19 virus or Coronavirus has firmly gripped the world’s collective attention, in some cases holding entire economies hostage as governments close schools and factories and enact strict quarantines.

Andonix CEO David Salazar will present on the next generation of Lean technology and its impact on Industry 4.0 initiatives

The manufacturing labor shortage isn’t a new problem. According to a recent report from Deloitte, the US manufacturing industry faces an unprecedented labor shortage in the next five years. A wave of retirements and continued industry growth will create demand for upwards of 4.6 million manufacturing jobs by 2028, but more than 2.4 million are expected to go unfilled due to a persistent skills gap in the workforce.

The “iceberg of ignorance” is a concept popularized by a 1989 study by Sidney Yoshida. It posited that frontline workers were aware of 100% of the floor problems faced by an organization, supervisors were aware of only 74%, middle managers were aware of only 9%, and senior executives were aware of only 4% of the problems.

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Los baby boomers han representado la generación concentrada más grande en la fuerza laboral durante gran parte de las últimas cuatro décadas, pero a medida que envejecen hasta alcanzar la jubilación, estamos viendo un cambio fundamental en la demografía del mercado laboral.

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Baby boomers represented the largest concentrated generation in the workforce for much of the last four decades, but as they age into retirement, we’re seeing a fundamental shift in the demographics of the labor market.

Obtenga  ahorros inmediatos al aprovechar las soluciones digitales de vanguardia

In our newest eBook, discover how you can leverage a bottom up approach to technology to generate massive savings in the short term for your company. 

Lean’s purpose is to drive waste efficiently and incrementally. Through continuous improvement, increased visibility and transparency, and investment in the standardization of work, organizations directly tackle the root causes of waste and iteratively improve performance. 

Despite record-high stock market indexes and record-low unemployment, there are several indicators that the economy is starting to slow and that a recession, while not necessarily imminent, is on the horizon. Already, we’ve seen the ISM US Manufacturing purchasing manager’s index drop to a 10 year low of 47.8% in September and overall four months in a row of contraction.