Ramco Blog ERP for Manufacturers: How ERP Solutions Address Labor Shortages & Improve Efficiency

The manufacturing industry is facing an unprecedented challenge: a global labor shortage. According to a Korn Ferry study, the global talent shortage is projected to reach 85 million people by 2030, potentially resulting in trillions of dollars in lost economic opportunity. In the US alone, manufacturers need to fill 3.8 million roles over the next decade, as reported by The Wall Street Journal. This scarcity of skilled workers is disrupting production schedules, increasing costs, and threatening the ability of manufacturers to meet customer demands.