L2L's new report provides a meaningful look at what is holding
manufacturers back in 2024 and highlights the urgent need for
digital solutions
SALT
LAKE CITY, July 9, 2024 /PRNewswire-PRWeb/ -- New
research from L2L, the global leader in connected workforce
solutions, addresses the most pressing challenges facing
manufacturing. L2L's report, What's Holding Manufacturers Back in
2024? uncovers significant deficiencies in workplace communication
and a strong desire for digital transformation, which must be
urgently addressed to overcome the labor shortage and improve
operations.
The U.S. manufacturing industry is grappling with significant
hurdles, with one of the most pressing being the global labor
shortage. The industry is expected to reach a critical shortage of
3.8 million workers within the next decade. This is exacerbated by
the difficulty in finding skilled workers and retaining the
existing workforce. According to L2L's latest study, the majority
(75%) of respondents have observed a noticeable lack of skilled
workers in the market over the past year, while nearly half (46%)
reported significant resignations within their organizations during
the same period.
High turnover is a critical issue, with 81% of manufacturers
experiencing disruptions in plant operations due to this challenge.
The skill shortage exacerbates the problem, impacting productivity
and efficiency for 78% of respondents. Worker dissatisfaction is
also on the rise, with 40% unhappy in their current jobs and 31%
considering leaving, underscoring the urgent need for effective
retention strategies.
Additional findings from the report include:
Manufacturing Workers Are Struggling to Communicate on All
Levels, and It's Hurting Team Morale
Poor communication from the shop floor to the corner office
exacerbates the labor crisis, impacts overall productivity, and
leads to employees feeling undervalued:
- 55% of those currently facing communications issues say they
feel undervalued, and 48% say they feel disconnected from their
company's goals
- 69% say that corporate operations often do not consult those
who have true visibility into shop floor issues before making
decisions
- 94% of respondents facing communication issues say these
problems hindered their professional potential
Digital Transformation Is Mission Critical for Business
Survival
Despite these challenges, the report underscores the positive
impact of digital technologies on manufacturing operations. When
businesses streamline their operations with digital tools,
communication, growth, and productivity excel:
- 66% of respondents prefer to communicate via digital tools in
the workplace
- 93% of users believe that digital communication tools improve
transparency and accountability
- 9 in 10 reported faster onboarding and a significant reduction
in upskilling time thanks to digital collaboration platforms
"Prioritizing the experiences of frontline workers and involving
them in decision-making processes is crucial for retaining talent
and staying competitive," said John
Davagian, CEO at L2L. "To tackle the labor shortage
effectively, manufacturing leaders must focus on improving
frontline communication through digital technologies like connected
workforce platforms, which provide the systems essential to helping
workers perform their jobs faster and more successfully, remove
obstacles, and enhance overall productivity."
To learn more about L2L's What's Holding Manufacturers Back in
2024? report, click here.
For more information about L2L and its transformative connected
workforce technology, visit http://www.l2l.com.
Methodology
All findings are based on a survey of more than 600 respondents
across all levels of manufacturing, conducted in May 2024. Survey conducted at 95% confidence, +/-
4% margin of error. Each respondent works full-time in a commercial
or industrial role, is 18+, and lives in the United States.
About L2L
Founded in 2010, L2L is the original connected workforce platform,
enabling workers to collaboratively improve productivity across the
full breadth of manufacturing operations. A different kind of
solution for the real-world needs of manufacturers, L2L visualizes
the most important shop floor data in real time so workers can
identify, prioritize, and solve problems faster, making their
companies more efficient, resilient, and profitable. Cloud-based
and deployed within 60 days, L2L creates unmatched speed to value
for more than 225,000 users in 27 countries across the world. For
more information, visit http://www.l2l.com.
Media Contact
Kara Erwin, Kickstand
Communications for L2L, 512-771-6911,
leading2lean@meetkickstand.com, http://www.l2l.com
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SOURCE L2L