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Pandemic caused labor shortage in manufacturing, but not the main cause. • Recruitment and retention issues have been contributing to the shortage for years. • Predictions show 8 million manufacturing jobs will be vacant by 2030.
Although current estimates are even higher, currently standing at around 10 million vacancies worldwide, it’s clear the storm has been brewing for some time. Global trends such as the pandemic, low unemployment, wage inflation and the digitalization of the industry, along with changes such as Brexit, have only exacerbated a problem that already existed. The result, ultimately, is the manufacturing talent shortage we are seeing today.
Although current estimates are even higher, currently standing at around 10 million vacancies worldwide, it’s clear the storm has been brewing for some time. Global trends such as the pandemic, low unemployment, wage inflation and the digitalization of the industry, along with changes such as Brexit, have only exacerbated a problem that already existed. The result, ultimately, is the manufacturing talent shortage we are seeing today.