The ability to evolve and leverage new processes, technologies and management styles keeps a business nimble and resilient to market conditions. With more than half of all companies failing in their first four years (51% of manufacturing companies), companies are being forced to change and adopt new philosophies.
Topics: Managerial Model
Manufacturing companies have long struggled to find, hire, and retain qualified talent. It hasn’t gotten easier with record low unemployment and a persistent skills gap for STEM jobs. A 2015 report by the Manufacturing Institute estimated that as many as two million manufacturing jobs could go unfilled by 2025.