Manufacturing Pinch Points
2023
2024
Sales
Talent Attraction
Facility Issues
Other
Talent Development
Talent Retention
Lean/Efficiency Issues
Financing
Product Development
Management/Leadership
Incentives
Customer Issues
Industry 4.0 Adoption/Tech Needs
Municipality Issues
Supplier Issues
Infrastructure
Global Trade Issues/Tariffs
Logistics/Movement of Goods
0%
5%
10%
15%
20%
25%
Source: The Right Place
Key Insights
Sales concerns move to top-of-mind: Manufacturers now cite sales as their top growth challenge. This trend flips the script of previous years when companies consistently cited talent attraction as the foremost barrier to growth. Sales trends remain steady from the previous year: Despite rising concerns over sales as a headwind, sales trends among manufacturers remained relatively stable from 2023 to 2024, with about the same share of companies citing increasing or stable sales. Companies have pulled back on planning expansion projects: Companies planning to expand have declined to 49% from 54% in 2023, potentially indicating increased caution toward large capital projects. Recruitment problems decline as investment in workforce training increases: The percentage of manufacturers reporting recruitment issues fell by 13 points from 2023 to 2024, while companies increasing training budgets grew by 1 point. Companies citing talent attraction as the top barrier to growth also declined by 5 points.
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