The manufacturing industry is one of the most important sectors of the US economy. According to a report released by the Economic Policy Institute, this sector contributed about $2.1 trillion (12.5 percent of total U.S. gross domestic product) in 2013. The report also stated that manufacturing companies employ about 12 million people or 8.8% of the total American workforce. Developments in this industry act as catalysts to the growth of the economy, and training plays a vital role in enhancing the operational efficiency of firms in this sector.
There are three major challenges that the retail industry faces. They are(1) giving the highest service quality to the customer, (2) retaining the existing client, and (3) promoting the brand awareness about new products. All these challenges are related to the customer or the client. Now, when it comes to its employees, the retail industry again has an uphill task of retaining its own employees, making them more knowledgeable and providing updateson the latest products and services, and giving them the requisite access to information, so that they can use it when they need it the most.
According to the Annual Report for Great Britain (2013/14), around 77, 593 employees sustained non-fatal injuries. Of these, the most accidents were caused by slips and trips (28%) and handling, lifting or carrying (24%).
In his article, Facing Down The Biggest Challenges In Manufacturing Today, Tom Bonine, President, National Metal Fabricators lists down the following as the most important problems dogging the American manufacturing Industry.