Most U.S. manufacturers agree that increased growth and investment opportunities are on the horizon, despite some of the uncertainties related to global trade.
Four out of five U.S. manufacturers are preparing for an increase in automation technology.
However, a major issue looms: a lack of skilled workers to support the digital factories of the future.
Workforce investments, not downsizing, are a priority for manufacturers as they prepare for automation advances.
Internet of Things (IoT)-enabled products are piquing the interest of manufacturers, but most are still caught in early development stages.
L.E.K. Consulting recently surveyed approximately 200 decision-makers across seven manufacturing industries to gain their perspectives on the near-term outlook for U.S.-based manufacturing. In this Executive Insights, we delve into the key findings from this proprietary research, including:
- Manufacturers’ overall bullish outlook on investment and opportunities
- Strategic imperatives that consist of continued investment in automation, Internet of Things (IoT)-enabled products and the evolution of customer-centricity
- Increasing concerns about continued access to skilled labor