What impact does the skills gap have on the manufacturing sector?
The skills gap has a hugely negative impact on the profitability of the manufacturing sector. First, it means that manufacturers are unable to run and optimise production, due to a lack of supporting personnel and skilled knowledge. This results in increased operational costs, scrap and production time, as well as more energy and raw material being used to produce lower output.
All of this cumulates to reduce the productivity of manufacturers’ operations significantly.
Read the full article in DPA's March issue