Manufacturers have faced a wide range of supply chain issues as we emerge from the COVID-19 pandemic. Shortages of raw materials, port closures, and shipping delays are a few that have grabbed plenty of headlines. There is little doubt that weaknesses in our global supply chain have been exposed.
Global supply shortages are a dilemma that is all too real for many manufacturers today. While the COVID-19 pandemic is the undisputed root of the supply chain crisis, the fallout from changes in supply and demand have provided opportunities for some companies and a final death blow to others. Today’s supply chain challenges can be boiled down to these four causes:
The average age for someone working the manufacturing sector in the US is over 45 years old. This is more than 3 years older than the average for all other sectors and the gap is widening over time. What does this mean for young people? It means there has never been a better time to start a career in manufacturing. As people retire there will be a need to fill those employee’s shoes at an increasing rate, creating opportunity for those who want to take it. With an average salary of nearly $60,000, a manufacturing career can be a great long term, family sustaining, way to make a living.
Molded Dimensions is committed to continually advancing the positive message of manufacturing. Each year we host students from our local high school on Manufacturing Day, and we take part in all our area job fairs and round tables. We also are proud to be able to donate funds to the Port Washington High School tech education group to help them get the equipment they need to teach their students. Partnering with many other manufacturing companies in our area, the high school was able to secure a grant and buy several lathes, mills and a router. We are excited to see what these students will create with their new equipment, and to see the pride they feel when they make something real and tangible. We hope that they also see what a future in manufacturing might be like, and that fuels them to consider it as a career path.