This year’s State-of-the-Gear-Industry survey generated a wide variety of responses. The industry doesn’t seem to be moving in just one direction, but rather, in multiple. In some cases, this is a story of the haves and the have-nots. Depending on what’s going on the world, companies serving one industry will outperform companies serving another. But overall, companies that are well positioned—those that have invested in technology, found ways to hire and maintain a skilled workforce and who have anticipated and prepared for paradigm shifts like the electrification movement—seem to have a much more positive outlook.
Almost every time I have the opportunity to meet with professionals in the gear industry, the topic of training and education comes up. Maintaining a stable workforce continues to be one of the chief struggles of manufacturing companies.