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As we approach 2030, manufacturing faces a pivotal moment. With the last Baby Boomers approaching retirement, a decade of post-COVID workforce transformation and reshoring bringing production back to America, companies must act decisively on talent development.
Industry veterans acknowledge increased awareness around talent issues but identify gaps in implementation. While some manufacturers have embraced apprenticeships and mentoring programs, many remain caught between immediate production demands and long-term workforce development.
During this MMT Chat, I speak with Human Asset Management Founder (and MMT EAB member) Marion Wells, about the following challenges:
- Knowledge transfer before experienced workers retire
- Creating part-time roles for retirees to mentor new talent
- Evolving HR into "Chief People Officer" positions
- Developing training programs amid production pressures
- Managing diversification into new markets requiring specialized skills
- Navigating government contract requirements and certifications
The prescription is clear: companies must create intentional talent development plans now. This requires dedicated personnel, stronger connections with schools and reimagining organizational structures.
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