It’s an exciting, but tough, time to be a manufacturer.
The Biden administration is offering billions of dollars in funding and tax credits for clean energy manufacturing, making it more lucrative than ever to set up shop in the U.S. At the same time, recruitment and training for jobs in these sectors is a top challenge for many companies as they hunt for effective recruitment and retention strategies to entice the next generation of talent.
And as an ongoing undercurrent in the industry, manufacturers continue to battle inflation and elevated supply, labor and operations costs.
We spoke with some of the industry’s leading experts and top executives to hear what’s on their minds for 2024 and how manufacturers can prepare for both the challenges and opportunities that lie ahead. Whether in food, auto, semiconductor or chemical manufacturing, here’s what is on the industry’s horizon this year.