Challenges the manufacturing industry is facing today

00:03

The manufacturing industry grapples with several critical challenges.

00:08

Firstly,

00:09

there's the pressing issue of the skills gap and

00:11

workforce shortages hindering the recruitment of trained personnel.

00:16

supply chain disruptions further compound difficulties by

00:19

interrupting the flow of goods and information.

00:22

The rapid pace of technological advancements poses

00:26

another hurdle alongside the accompanying cybersecurity threats.

00:30

Globalization adds complexity with international competition,

00:34

diverse regulations,

00:36

and geopolitical uncertainties.

00:38

Environmental sustainability concerns and regulatory

00:41

compliance also loom large.

00:45

Lastly,

00:45

evolving customer expectations add yet another layer of challenge.

Video transcript

00:03

The manufacturing industry grapples with several critical challenges.

00:08

Firstly,

00:09

there's the pressing issue of the skills gap and

00:11

workforce shortages hindering the recruitment of trained personnel.

00:16

supply chain disruptions further compound difficulties by

00:19

interrupting the flow of goods and information.

00:22

The rapid pace of technological advancements poses

00:26

another hurdle alongside the accompanying cybersecurity threats.

00:30

Globalization adds complexity with international competition,

00:34

diverse regulations,

00:36

and geopolitical uncertainties.

00:38

Environmental sustainability concerns and regulatory

00:41

compliance also loom large.

00:45

Lastly,

00:45

evolving customer expectations add yet another layer of challenge.

After completing this video, you’ll be able to:

  • List several challenges that the manufacturing industry needs to surmount today.
  • Understand how each of those challenges impacts specific areas of the manufacturing industry and the world in general.
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