Industry 4.0: How Are Firms Addressing The Skills Shortage?

ERP Today
March 16, 2023
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Industry 4.0 and its disruptive technologies present some challenges for the workforce in understanding how to implement them. See how leading firms are addressing this skill shortage issue in I4.0.

Industry 4.0 has arrived, with its focus on interconnectivity, automation, machine learning and real-time data promising to deliver a new golden age for manufacturing. But there’s one big problem: the rate of innovation is outpacing employees’ skills.

The skills shortage that’s hit many industries is especially acute in manufacturing, where an existing skills gap was exacerbated by the pandemic. According to Deloitte, US manufacturing alone is expected to have 2.1 million unfilled jobs by 2030. Elsewhere the firm’s research shows that attracting and retaining a quality workforce is a top focus for 83 percent of manufacturers, with almost 45 percent of manufacturing execs being forced to turn down business opportunities due to lack of workers.

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ERP Today
ERP Today

Since its launch in 2019, ERP Today has established itself as the independent voice of the enterprise technology sector through its use of dynamic journalism, creativity and purpose. Our mission is to inform and inspire IT decision makers. We take the confusing and baffling nature of emerging technologies and present the opportunities with clear and concise editorial. We debunk the jargon, cut through the hyperbole, and zero-in on the information that CxOs need to extract the maximum value from their investment in enterprise technology.

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