What are the necessary changes, policies and collaborative efforts to ensure a positive transition to future jobs in production and manufacturing? Global employment in manufacturing alone accounts for almost one quarter of total global employment, providing both highly skilled and low-skilled jobs around the world.
An increasing gap between skills needed for future jobs in manufacturing and workers' current skill sets will have significant implications for the future workforce in terms of demographics and location, impacting regional and global economics. The Employment and Skills for the Future of Production project has aimed to understand the length and depth of the adjustment period, in the context of regional and global patterns of change. Key findings from Year 1 of our research are:
Value Chain Shifts: Shifting production footprints will alter the global demand for labour across value chains and geographies
Skills mismatches: Skills mismatches are expected to increase as a result of changing demand in value chains
Automation: A dual challenge: while automation continues displacing workers, there is also a need for up- / re-skilling of the workforce
The World Economic Forum is uniquely positioned in this space to provide an effective platform for dialogue and collaborative action. In 2018, the project will: