Finding and retaining employees is a challenge…especially in a manufacturing environment. The Manufacturing Institute found that 22% of skilled manufacturing workers (2.7M employees) are retiring over the next decade.
In addition, industry growth will require the addition of 700,000 skilled employees during this same time. This means the manufacturing industry needs a total of 3.4M workers... and is going to fall 2M workers short.
Consider these numbers….36%, 3.2% and 50-70%
36% – the turnover of warehouse and storage employees
3.2% - the unemployment rate for warehouse and storage employees in December 2017
50-70% - the % labor makes up of a warehouse operation’s total operating cost
How do we hit productivity goals and stay ahead of the competition?
The answer is in these numbers...and in leveraging automation.
35% - the adoption rate of robotics and automation in material handling in companies today
80-90% - the expected adoption rate in companies by 2019