Manufacturer Productivity Challenges Statistics

Here is the top 7 challenges that manufacturing companies are facing:

1. Most employees are working at a productivity percentage of 40% – 60% of their potential (www.qnnect.com Jan2018).
2. 2 out of 3 clients will leave a manufacturing supplier to pursue another company who offers the same services due to feelings of apathy from their current supplier (www.forbes.com)
3. Labor Shortage: Due to the Baby Boomer generation retiring, manufacturing industry lacks skilled labor and will have 2 million to 3.5 million unfilled manufacturing jobs by 2025 (www.dolittle.com)
4. approximately 22% of skilled manufacturing workers (almost 2.7 million valued employees) will be retiring within the next 10 years. (source: The Manufacturing Institute and Deloitte Consulting LLP)
5. Project Management Challenges: To get products to market manufacturing companies must adhere to extremely tight and stressful timelines. In the manufacturing space, projects are typically time, cost and quality sensitive and as a result tend to be tightly controlled and rigid. Manufacturers that miss deadlines risk losing out on millions of dollars in potential revenue and profit. (www.us.hitachi-solutions.com)
6. There’s a pressure for manufacturers to use the Internet of Things to its full potential. It’s not enough for them to simply implement the technology into their products and service – there needs to be a strategy. Systems need to be in place to collect, analyze and translate this data. If no clear strategy is set, manufacturers will not be able to improve their decision making in a way that is beneficial. (www.cerasis.com)
7. Today’s manufacturing employees want updated systems that help them improve job performance. Updated systems typically provide greater insight, flexibility, and speed that allows employees to utilize the applications to perform their job more effectively and efficiently. This allows employees to use the system as a tool to complete their job rather than hinder completion of tasks. However, the existing AS/400 systems that many in the manufacturing industry continue to utilize cannot provide the user experience that today’s workers demand. (www.us.hitachi-solutions.com)

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