Four Common Challenges Facing The Manufacturing Industry In 2019

IQMS

million positions unfilled between 2018 and 2028 with a potential economic impact of $2.67T according to a recent study by Deloitte. million positions unfilled between 2018 and 2028 with a potential economic impact of $2.67T. Deloitte found that the manufacturing skills shortage could put $454B of manufacturing GDP at risk in 2028 alone if qualified workers cannot be found to fill the open jobs.

Understanding the Challenges Facing Aerospace and Defense Manufacturing Firms

USC Consulting Group

That success is expected to continue over the next decade, as the industry expands apace to surpass the $8 trillion mark by 2028, per analysts for Boeing. This puts pressure on aircraft manufacturers, many of which had embraced cost-cutting and shop floor streamlining in an effort to reduce time-to-market metrics, according to Bloomberg.