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Unformatted text preview: a worsening talent shortage that
threatens the future of the industry. Among the survey's 1,123 respondents, 67 percent reported a moderate to severe
shortage of available qualified workers and 56 percent anticipate this shortage to grow worse in the next three to five
years. Additionally, results reveal that 5 percent of current jobs are unfilled because qualified candidates cannot be
found. When asked to look ahead three to five years, respondents indicate that access to a highly skilled, flexible workforce is the single most
important factor for their future business success, well ahead of other factors, including new product innovation and increased market share. The
manufacturing industry, like many industries, is undergoing a rapid evolution spurred by technology advances, globalization and shifting
demographics. An aging and retiring workforce, combined with technological advances, outmoded talent recruitment and management processes,
and continued global expansion are taking their toll. The shortage of qualified workers has...
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