U.S. Manufacturing Needs 3.8 Billion New Workers by 2033

Re-Published With Permission From Construction News and Review

By Kerry Smith Buck | Image Courtesy Unsplach

According to a recent study performed by Deloitte and The Manufacturing Institute, 1.9 million manufacturing jobs could be left unfilled as 2024 winds down.

This, analysts say, underscores the need for employee-focused strategies to keep up with growth.

“The U.S. manufacturing industry has emerged from the pandemic on a strong trajectory and continued growth is expected over the next 10 years as companies work to meet evolving customer demands, de-risk their supply chains and leverage government incentives and policies,” said Misha Nikulin, managing director for Deloitte Consulting LLP. “Despite substantial growth in the sector, U.S. manufacturing faces a skills gap and tight labor market.”

Carolyn Lee, president and executive director at The Manufacturing Institute, says manufacturers are hungry for digital skills.

“Companies must prioritize technology, training and talent development, and the investments that are driving growth will also require the industry to build out a talent ecosystem,” Lee said. “With investments in partnerships, apprenticeships and education – and prioritizing a more diverse and inclusive workforce – a whole host of new talent will be on the factory floor and driving the next wave of growth.”