Dr. Karen Hardy, CEO of Strategic Leadership Advisors LLC participated in a panel discussion focusing on the challenges facing SME in manufacturing.
When asked about what manufacturers can do to better prepare for industry shifts, Dr. Hardy emphasized the importance of being proactive during times of uncertainty.
"As a whole, the shift in work collars are having a profound effect on the labor shortage. Hourly workers are switching gears and are headed to the tech industry. This has created the NEW COLLAR worker vs. the white and blue collars," she said.
The unpredicatabilty of these type of shifts warrants more effective ERM practices.
"There must be a cultural shift inside the industry organizations if they want to minimuze future risk impacts," Hardy says.
The panel was presented by Source Day.