Every year ThomasNet conducts their Industry Market Barometer® which defines the business trends impacting manufacturing companies. This year's survey subtitle was "Will progress be sustainable without an infusion of younger workers?" The summary of the report indicates that manufacturing companies are projecting upward trends and continuing to grow, hire and add new products. "More than half (58%) of the companies surveyed grew in 2013 and 63% expect to grow by the end of 2014." However, growth may be impeded by a lack of skilled workers. Here is a sampling of their findings.
Not only have manufacturers experienced steady grow, but they expect the trend to continue.
One of the main issues facing manufacturing companies is the attrition of their workforce.
To maintain growth, trained employees will be needed. Many companies are pursuing apprenticeship programs to help fill the funnel.
You can download the full report on the Thomasnet.com website.