Industry 4.0 Closing Skills Gap


 

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Industry 4.0 Holds The Key To Closing The Manufacturing Industry’s Skills Gap 

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We’ve all read the headlines. Across sectors, machines are taking over and millions of jobs are set to be lost to automation. Yet for manufacturing ― an industry many suggest will be near the top of the list for technology-induced unemployment ― the future may actually look rather different.

According to a recent report by The Manufacturing Institute, the number of unfilled manufacturing jobs in the US could reach 2.4 million by 2028. That’s an increase of nearly 2 million in just 10 years. Far from mass unemployment then, this suggests companies must instead contend with a shortfall of workers.

Mind the gap

Some of that figure can be traced back to a growing national economy and the need for manufacturers to create more jobs to support a flourishing sector. Yet economic growth is only half the story. There’s also a widening skills gap to address.

As manufacturers move toward new business models built on data, cyber physical systems and cloud computing ― a trend commonly referred to as Industry 4.0 ― they increasingly need staff with the capabilities and confidence to work alongside new technologies and thrive in a digitized workplace. Given the figures outlined above, it seems this new generation of workers is yet to emerge.

Opportunity knocks

We have, though, been here before ― and with a positive outcome. In the mid-19th century, the machines of the Industrial Revolution were replacing traditional farming methods and changing the face of agriculture. But rather than see human staff pushed out, this, in fact, led to the creation of new job roles and skills ― from machinery operators to vehicle drivers.

 

Integrated People Solutions is an executive placement firm in Denver, Colorado, and is part of the Kennedy Executive Network

 

About Kennedy Executive

Kennedy Executive Search & Consulting is a global partner network of retained search boutiques in Europe, Africa, North America and Asia Pacific with offices in Amsterdam, Budapest, Copenhagen, Denver, Frankfurt, Johannesburg, London, Milan, Monaco, Oslo, Paris, Prague, Sydney and Vienna. The network covers 360 degrees of talent management: executive search finds and assesses the right talent in the market, consulting develops people and organizations. With the addition of Evolve South Africa, Kennedy is now active on 4 continents and in 14 countries and offers a global reach. Between the 75+ consultants and researchers, 30 languages are spoken. As a network Kennedy will run 365 strategic recruitments all over the world this year. Kennedy Executive Search & Consulting helps organizations to achieve their goals and people to enhance their careers every day.

 

 

 

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