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Front Line: COVID-19 Spurs More Automated Manufacturing
18 Sep 2020
The global pandemic has upended the labor market and dramatically and suddenly reversed U.S. economic expansion. COVID-19, especially, has caused U.S. manufactures to face unprecedented labor challenges.
With COVID-19 and the need for social distancing, these shortages are escalating. Many factories have shuttered to protect workers and prevent COVID-19’s spread. Even before this global crisis, in 2018 Deloitte had already projected that manufacturers would face shortages of some 2.4 million workers through 2028.
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As corporate decision-makers develop their business strategies for the future, the markets they consider are rapidly changing. This dynamic trend was already in place before the onset of the global COVID-19 pandemic as businesses sought to alleviate concentration risk. With the unprecedented impacts on the global economy of the current...
Newly dispersed work teams are facing new challenges. During the early months of the global pandemic, more than three-quarters of organizations reported 80 percent or more of their employees were working from home, according to a global survey on workplace re-entry.
While workplace mobility isn’t new, the scale of remote work...
AD: Will more companies be re-shoring or near-shoring as a result of the global pandemic?
Jensen: For certain, most companies are closely examining the options available to them to avoid future supply chain interruptions. Part of the challenge of making a decision on a future sourcing direction is that this story...
