Manufacturing is at a crossroads. While negative headlines often dominate the conversation, there has been a growing sense of confidence emerging within the sector. Menzies and the CICM hosted a roundtable discussion at the Principality Stadium in Cardiff, which brought together key individuals in the industry to discuss the challenges and potential solutions shaping the future of manufacturing. Three key themes were discussed: recruitment and retention, supply chain challenges, and the growing threat of fraud. One of the primary concerns addressed in the roundtable was recruitment and the retention of skilled staff.
There has been a shortage of skilled workers, which has become increasingly evident as traditional career paths in construction and engineering have become less in demand. Many manufacturers struggle to replace a workforce that is aging, with the retirement of experienced employees leaving a considerable gap in skills. Furthermore, the impact of Brexit has meant that there has been a steady decline in returning European workers, which strengthens the challenges faced with staffing.
