Industry Today Volume 22 Issue 3

f there’s one thing we’re hearing a lot of these days from manufacturers across industries, it’s the shortage of workers with the necessary technical skills. Even non-technical basic assembly jobs are tough to fill in a low unemployment market. Current industry growth calls for adding another 700,000 skilled employees to existing payroll. Adding to the problem is the looming retirement of a substantial portion of the workers companies do have. A joint Manufacturing Institute and Deloitte study predicts that over the next decade, 22 percent of skilled manufacturing workers, or 2.7million experienced employees, will retire. Taken together, that means some 3.4 million workers will be required to meet manufacturing labor needs, yet the industry is projected to fall over 2 million workers short. That’s a problem. The situation is so bad that some are characterizing it as a “Workforce War,” with companies battling with one another to land talent. This issue takes a look at how industry and government are drafting new initiatives to win this war. Our focus feature covers how on Louisiana’s Economic Development department hopes to achieve peace in our time. Louisiana’s LED FastStart® workforce training program, now in its second decade of operation, provides an infrastructure that helps companies in the state staff their workforces. In addition to providing training on the latest manufacturing technologies working collaboratively with higher education and major corporate leaders in the state, LED FastStart also provides comprehensive and customized recruitment, screening and hiring assistance. And for companies looking to add at least 15 manufacturing jobs or 50 service jobs, this extremely valuable service is provided free-of-charge. It’s no wonder Business Facilities magazine named LED FastStart as the Number One workforce training program in the United States—not just for 2019, but for the last ten consecutive years! This issue also examines similar training and apprenticeship initiatives by the Precision Metalforming Association and the New Jersey Innovation Institute, as well as the need to engage more women to pursue engineering careers. Elsewhere we look at how manufacturers need to maintain momentum to keep up with the pace of Industry 4.0, and how BRCGS certifies over 28,000 suppliers in over 100 countries. As usual, Industry Today helps you see what your peers are doing, and what they are doing can help your business. Whatever strategies you may be employing to recruit and retain a quality workforce, one thing we know for certain: war is not the answer. I Industry Today is published bi-monthly by Positive Publications LLC, 65 Madison Avenue, Suite 540, Morristown, NJ 07960. Copyright © Industry Today 2019. All rights reserved. No part of this publication may be reproduced in any form or for any purpose without prior written consent from the publisher and payment of the agreed fee. ISSN # 1521-8058 65 Madison Avenue, Suite 540, Morristown, NJ 07960 Ph. 973.218.0310 Publisher: Susan G. Poeton Project Director: Brian McMillan Project Managers: Marcos Elias Jonathan Listig Production: Melissa S. Burge Art Director: Seema Mazhar Contributing Designers: Jorge Leandro Rodrigues Profile Writers: Reuben Ford, Lorie Greenspan, Michael Sommers, David Soyka Publisher’s Letter INDUSTRY TODAY 1