Innovative Manufacturers' Center
Driving Manufacturing Growth and Job Creation in Central Pennsylvania
The manufacturing industry is facing a talent crisis with the impending “silver tsunami” of baby-boomer retirements. This is compounded by the harsh reality that younger generations aren’t considering manufacturing as a career option. To remain competitive in the war for talent, manufacturers must create a work environment which attracts, engages, and retains the future workforce. Read More
Engineering & Manufacturing (E&M) companies are advancing their business models to focus more on providing services and capability to their customers, a practice known as “servitization.” As core markets are becoming increasingly saturated, and product margins are under pressure, companies are aligning their supply chain strategies to meet their customers’ heightened expectations. Service type activities Read More
The National Association of Manufacturers estimates that manufacturers have 365,000 unfilled jobs now and will need to fill 3.5 million jobs in the next 7 years. In addition to traditional assembly line jobs, the manufacturing industry is moving rapidly toward jobs with irreplaceable human skills, such as creativity, ingenuity, and critical thinking. To stay competitive, Read More
Business Continuity Management (BCM) enables organizations to manage risk and enable better, faster recovery following a disruption. BCM involves proactive risk identification to limit potential damage to an organization’s brand, capital, functions, and revenue. Disruptions range from man-made events (i.e. cyber or terrorist attacks) to natural events (i.e. extreme weather or natural disaster). Given today’s Read More
Manufacturers are navigating a period of intense change as digitization and advanced technologies transform the sector. Prudential commissioned a survey, performed by The Economist Intelligence Unit, to assess manufacturers’ preparedness and priorities. The survey surfaced findings organized around three key themes: strategies that manufacturers are adopting in response to industrial transformation; their approaches to managing Read More
