By CNN Business
This article was published in CNN Business May 4, 2021. We're sharing it because it covers one of the major challenges faced by the sewn products industry: workforce development.
Demand for goods is skyrocketing as the US economy reopens from the pandemic. But there's a big problem: American factories can't find enough people to do the work.
Even though US manufacturing activity surged to a 37-year high in March, the industry has more than half a million job openings. Factories are struggling to find skilled workers for specialized roles such as welders and machinists. Manufacturers are even having trouble hiring entry-level positions that do not require expertise.
The talent shortage is not new — but it's getting worse and could have far-reaching consequences beyond the manufacturing industry itself.
As many as 2.1 million manufacturing jobs will be unfilled through 2030, according to a study published Tuesday by Deloitte and The Manufacturing Institute. The report warns the worker shortage will hurt revenue, production and could ultimately cost the US economy up to $1 trillion by 2030.
"It is deeply concerning that at a time when jobs are in such high demand nationwide, the number of vacant entry-level manufacturing positions continues to grow," Paul Wellener, vice chairman and US industrial products and constructions leader at Deloitte, said in a statement.
'Resounding Distress Signal'
Manufacturers say it is 36% harder to find talent today than in 2018 — even though the u