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Two Million Vacant Manufacturing Jobs by 2025…How Can We Tackle the Skills Gap?

GlobalTranz

For example, in China alone, where the last decade brought millions of new participants into the workforce, a skills gap is expected to cause a deficit of 23 million sufficiently skilled workers there by 2030. For example, job training grants totaling $450 million were distributed among approximately 270 community colleges in 2014.

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5 Reasons Why The Use of the IIoT by Manufacturers Is Unavoidable

GlobalTranz

According to Louis Columbus of Forbes magazine , the IIoT is estimated to unlock manufacturing savings more than $11 trillion by 2025 globally, boosting overall economic value by 33 percent. trillion by 2025 as well. In the U.S., the IIoT’s value could easily surpass $3.7

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Skills Gap: Why It’s Creating New Manufacturing Opportunities

GlobalTranz

For example, companies can implement new programs and create new resources that meet the demands of millennials. In fact, worldwide spending on robotics is expected to exceed $67 billion in 2025, and manufacturing will need to grow by a similar percentage (around 450 percent) to reach its $24.4 billion evaluation as well.

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The Future is Now: Why these 5 Advanced Manufacturing Technologies Trends will Dominate 2018

GlobalTranz

in manufacturing, supply chain, logistics, and transportation management. Global spending on robotics will climb to more than $67 billion by 2025, and 2018 is expected to be the year of the first big-break returns on robotics. Stay ahead of the game learn the trends shaping the industry. download ebook. This is augmented reality.

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Supply Chain Artificial Intelligence Offers Wisdom to Supply Chain Management

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One of the most notable examples remains the creation of Watson, the supercomputer controlled artificial intelligence that defeated Jeopardy! Preliminary estimates of the value and investment in artificial intelligence by 2025 range from $5 trillion to $7 trillion. Yet, Watson’s abilities did not make much of an impact on supply chain.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

GlobalTranz

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. For example, a consumer can access the Amazon Returns Center and initiate the shipping label printing and shipping of products from any internet-accessible device.

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Here’s Why Image of Manufacturing as Boring, Dirty, and Tedious is Drastically Changing

GlobalTranz

By 2025, conservative estimates of the labor shortage in manufacturing stand out at more than 2 million unfilled jobs, as discussed in a previous blog post. For example, the Hirschvogel Automotive Group launched a program to teach students the art and skill set of working as a machinist in a die and punch shop .