Tag Archives: U.S. Manufacturing

Manufacturing Executives Surveyed by Forbes are Optimistic about Their Industries

Posted on February 14th, 2023

In December 2022, Forbes, Xometry and Zogby conducted a follow-up poll. The survey took the pulse of manufacturing executives within the industry. During the months between the August 2022 survey and the newest survey in December 2022, polling results show 95% of manufacturing executives are optimistic about what is going on in the industry. Increased Confidence Comments from the manufacturing executives surveyed in the Dec. 2022 poll ranged from 60% seeing the industry having a “bright future” to 35% saying they see a “light at the end of the tunnel.” Such sentiments are indeed significant when you consider the overarching themes of the last three+ years continue to plague individuals and the industry alike. This includes continuing concerns about COVID-19 and related restrictions, ongoing supply chain issues and creeping recessionary costs that are impacting consumers and businesses alike across the…

The Manufacturing Industry Continues to Grapple with the Skills Gap

Posted on January 16th, 2019
manufacturing skills gap

Since 2009, the manufacturing industry has grappled with the problem of the skills gap, an issue growing a little bit bigger each year. For a while, industry proponents have hypothesized how it will deal with changes that will continue to intensify over time. 2018 was no exception with the what some dubbed the “Silver Tsunami”. The retirement of a growing number of Baby Boomers across the industry. The Silver Tsunami equated to approximately 391,000 U.S. manufacturing jobs unfilled in the first quarter of 2018. Frequently, those looking to solve the problem propose to mend the gap through the implementation of a robust apprenticeship system and trade school options. Proponents argue these measures could also improve long-standing issues of unemployment or underemployment for high school graduates (3.9 percent) and college dropouts (2.1 percent), numbers reported by the DOL in Sept. 2018….