Cheaper energy. Chinese inflation. Growing environmental consciousness. A supply chain oriented C-level. These issues stoke optimism for a U.S. manufacturing renaissance. An ever-growing sample size suggests the total landed cost balance is tipping toward North America. But one huge obstacle stands in the way. Years of manufacturing attrition created a generational talent gap. There's not enough skilled labor to accommodate new demand. In fact, U.S. manufacturers may lose up to 11 percent of their earnings annually as a result of increased production costs stemming from a shortage of skilled workers, warns Out of Inventory: Skills Shortage Threatens Growth for U.S. Manufacturing, a recent study conducted by Accenture and The Manufacturing Institute.
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