With the ongoing scarcity of discrete manufacturing labour, companies have the opportunity to adopt strategic methods that not only entice top-tier professionals but also empower current employees to make the most of their abilities and expertise.
As the end of Q2 2023 approaches, the scarcity of manufacturing labour remains a pressing concern in the industry. A recent survey conducted by the National Association of Manufacturers reveals that an astonishing 74% of manufacturing companies view attracting and retaining a high-quality workforce as their primary business challenge. This highlights the urgent need for strategic approaches that not only attract top-tier professionals but also empower existing employees to maximize their skills and expertise.
This scarcity is a direct consequence of several factors, including the disruptions in the workforce caused by the pandemic, the retirement of a substantial number of skilled manufacturing workers, and the lack of qualified replacements. In a study conducted by Deloitte and The Manufacturing Institute, it is predicted that by 2030, the industry could face a deficit of 2.1 million manufacturing jobs, which will undoubtedly have a profound impact on productivity, innovation, competitiveness, and the overall GDP of the sector.
Two Key Initiatives Companies May Implement to Overcome the Manufacturing Labour Shortage
- Attracting and retaining a diverse and skilled workforce from a wider pool of candidates.
- Invest in modern manufacturing software, such as Acumatica ERP, which can streamline operations, enhance efficiency, and empower employees to utilize their skills and knowledge more effectively.
By implementing these initiatives, companies can not only overcome the hurdles presented by the scarcity of manufacturing labour but also flourish in the cutthroat landscape of the industry.
Furthermore, in order to address the challenges of understaffing, it is crucial for companies to not only offer appealing incentives to current and potential workers but also invest in advanced manufacturing software that empowers employees to fully leverage their skills and training. Traditionally, the manufacturing industry has been resistant to embracing new technologies, relying heavily on a skilled labour force and machinery to create high-quality products from raw materials. However, with the changing times, companies now have the opportunity to harness the potential of advanced manufacturing software to revolutionize their operations.
Nevertheless, there is a notable transformation taking place in the industry.
In today's rapidly evolving manufacturing landscape, there is a notable transformation taking place as companies increasingly adopt software solutions to streamline operations and drive productivity. A recent article by SelectHub highlights the growing trend of manufacturers embracing advanced manufacturing ERP solutions to tackle their workforce challenges head-on. These innovative solutions provide a centralized platform for efficient data management, real-time inventory monitoring, streamlined supply chain operations, and enhanced reporting and analytics capabilities. By automating tasks that were traditionally done manually, such as data entry and job progress monitoring, manufacturing ERP solutions not only reduce the need for a large workforce but also foster collaboration and empowers employees to be more productive and efficient. Moreover, with the advent of cloud-based ERP solutions, employees can access real-time data anytime, anywhere, and on any web-enabled device, offering unparalleled connectivity and convenience. This intuitive and accessible technology is particularly appealing to the digital-native workforce, including Gen X and Millennial demographics. Armed with accurate, up-to-the-minute data, companies can effectively forecast labour needs and allocate resources more strategically. Overall, advanced manufacturing ERP solutions are perfectly suited to meet the current demands of the industry, revolutionizing the way manufacturers operate and thrive in an increasingly competitive market.
Watch our 2-minute manufacturing software overview below:
Aqurus believes in a custom approach to integrating MRP into your business. By providing better and targeted communications and AI-driven technologies to manage new customer care expectations, Acumatica’s applications can provide improved organization and efficiency to grow your business powerfully.
At Aqurus, we know how valuable Acumatica ERP software is for businesses – especially those in Manufacturing, Distribution, eCommerce, and the retail industry. If you’re interested in how Acumatica’s Cloud ERP Software can boost your business, the Aqurus team is passionate about smooth implementation and ongoing support.
The team at Aqurus can help you too. Call (403) 768-0322 or email today!
