Achieving Industry 4.0 Organizational Success
Overview of the North American manufacturing industry in its current state in terms of three main elements pertaining to workforce dynamics, production efficiency, and inter-organizational volatility highlighting the relative stability of employment in the manufacturing industry. Estimates suggest the manufacturing industry needs to prepare for double-digit output growth within the next 10 years while simultaneously managing a projected shortfall in available, interested, and highly skilled emerging talent. There are real workforce-related challenges facing the current manufacturing industry and these challenges cannot all be addressed with the technological elements of Industry 4.0.
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