A rising concern for global manufacturing industries is a shortage of skilled workers. Technological advancements, an aging workforce and change in job roles are driving skills gap.
The National Association of Manufacturers says a record 522,000 jobs remained open in the sector in September 2019. A report by The Manufacturing Institute and Deloitte in 2019 found that 2.4 million jobs may be left open due to a lack of trained workers in the next decade.
An engineering-driven company such as Festo is not immune to these challenges. Festo’s decision to adopt a blockchain-powered platform to tackle such issues has led to improved performance.
“Our first experiences with CredSure have shown very promising results. Not only in the increased efficiency of our processes but in the opportunity to roll out new business models and solutions to our customers. We are excited to work closely with CredSure on projects around the world.” Enrico Ruhle, member of the management board at Festo Didactic SE.
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