This disparity is particularly critical as the manufacturing sector braces for an expected 3.8 million workforce shortage, the study explains.

“Manufacturers are navigating an era of significant change and challenge,” said Kerrie Jordan, Group Vice President of Product Management at Epicor. 

The study, which surveyed more than 1,400 manufacturing leaders and 1,200 workers worldwide, also identified a mismatch in upskilling priorities. While 91% of managers recognise the importance of skill development, only 70% of workers agree, signaling the need for better communication and implementation strategies.

Key insights from the report:

• Technological Perceptions: Over half (52%) of managers view their workplace as technologically advanced, while only 39% of workers share this sentiment.
• Sustainability Disconnect: Sustainability is not a top priority for many companies, with just 61% of managers and 45% of workers considering it crucial.
• Supply Chain and Automation Challenges: While 75% of managers acknowledge the importance of supply chain resilience, issues like regulatory hurdles and technological gaps persist. Automation, meanwhile, is expected to impact jobs, with 73% of managers and 53% of workers anticipating changes.
• Turnover Trends: Worker-reported turnover has dropped by 6% in 2024, while managers report a 25% increase, indicating divergent views on workforce stability.

The Epicor report urges manufacturing leaders to prioritise employee engagement, technological modernisation, and sustainability to align with future demands. The report recommends:

1. Enhancing employee morale through recognition and communication.
2. Investing in upskilling to ensure workforce readiness for automation and industry advancements.
3. Strengthening sustainability efforts to align with environmental, social, and governance (ESG) expectations.