Shortage of Skilled Workers Hampers Manufacturing Industry
A growing number of U.S. manufacturers are reaching the outer limits of their capacity constraints.
A growing number of U.S. manufacturers are reaching the outer limits of their capacity constraints, and the primary factor driving capacity limits is a shortage of skilled workers, according to CliftonLarsonAllen’s fifth annual “Manufacturing and Distribution Outlook.”
The manufacturing and distribution companies who participated in the survey reportedly said they are adjusting to this “new normal” by changing their recruiting and hiring practices by focusing on finding trainable workers rather than those who are already skilled and then providing the necessary on-the-job training.
The report also reviews responses from nearly 600 CliftonLarsonAllen clients and non-clients on a range of topics, including: revenue expectations and profitability; growth opportunities and strategies; challenges facing the industry; ownership/leadership transition planning; customer diversification; continuous improvement initiatives; and global trade opportunities.
For more information, visit www.claconnect.com.