TD Magazine Article
Member Benefit
Future-proofing manufacturing companies begins with talent development.
Thu Dec 31 2020
More than ever before, the manufacturing industry has had to prove a high degree of flexibility during the past few months. Even though flexibility has always been an important corporate goal for manufacturing companies, the COVID-19 pandemic has significantly increased the level of requirements. It has become clear that companies in the manufacturing industry are not equally well prepared for the demands of rapidly changing markets. A recent McKinsey survey of manufacturing companies in Asia cites material shortages (45 percent of respondents), a sharp drop in demand (41 percent), and a shortage of labor (30 percent) as the biggest problems.
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