Manufacturing Magazine June 2018 | Page 22

MANUFACTURING SEEMS
LIKE it ’ s always in a state of flux as new technologies develop and the world changes accordingly . People still need products to be made and companies still need to profit from making them but the way that manufacturing sits within the greater economic landscape has changed immeasurably in the recent past .

PEOPLE & SKILLS

MANUFACTURING SEEMS

LIKE it ’ s always in a state of flux as new technologies develop and the world changes accordingly . People still need products to be made and companies still need to profit from making them but the way that manufacturing sits within the greater economic landscape has changed immeasurably in the recent past .
Recently , the industry has enjoyed somewhat of a renaissance , particularly in the United States where the Institute of Supply Management Manufacturing Index recently rose to a 13-year high of 60.8 %. The report which revealed the rise also relayed that employment saw the biggest bump , jumping 5.5 points .
According to Deloitte though , these numbers are not necessarily indicative of positivity . The consultancy ’ s own findings show the average employer overspends on payroll by up to $ 800 per hourly employee each year , resulting in a considerable negative impact on manufacturers ’ bottom line .
Chobani CEO and leading entrepreneur Hamdi Ulukaya once

“ What I ’ m passionate about is making sure that the manufacturing world is being creative and assessing what can they do to really bring out their efficiencies ”

— Jenine Bogrand , Manufacturing Sector Lead for LaborWise , Deloitte
22 June 2018