
Manufacturers in Northeast Wisconsin are expecting a strong 2024.
The NEW Manufacturing Alliance has revealed the results of the Northeast Wisconsin Manufacturing Vitality Index Study, which serves as an indication of the strength and vitality of manufacturing employers in the area.
Jeff Berg, Vice President of Operations at Voith US Inc. and Vice Chair of the NEW Manufacturing Alliance, noted that a major takeaway from the report is that “manufacturers expect increased sales and strong hiring in 2024.”
He also noted that “One out of two manufacturers plan to hire in the first quarter of 2024 in which the hardest roles to fill are machinist and general labor/production occupations.”
Also, companies are reporting fewer issues with their supply chain in 2023
The previous year found 98% of respondents stated that they experienced supply chain constraints, compared to this year’s study, where 61% had a concern.
This is the 14th annual Vitality Index Study conducted by the NEW Manufacturing Alliance.