Even before “The Great Resignation”, the manufacturing industry had been struggling with filling open positions, with job openings increasing at double-digit rates since 2017 according to a Bureau of Labor Statistics employment survey. Post-pandemic, Deloitte and the Manufacturing Institute predict that 2.1 million manufacturing positions will go unfulfilled by 2030, costing the U.S a loss of about $1 trillion in GDP. Without a drastic reversal in this downward trend, this deficiency could set the U.S. manufacturing industry back by decades.
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Natural disasters, cyber-attacks, pandemics…oh my! If we had to describe the 2020s in one word so far, ‘disaster’ might be the one we’d choose. We’ll be feeling the domino effect these events have had on our life, our businesses, and our economy for years to come. And just when we think we’re in the clear, surprise! Something new happens and we find ourselves shaking our heads in disbelief thinking…again? Really?
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Before the start of the Covid-19 pandemic, remote patient monitoring (RPM) and telehealth services were already on the rise but in the spring of 2020, the need for RPM technology and virtual physician visits became an unavoidable necessity. Now, even with the pandemic seemingly more under control, many healthcare providers plan to continue to offer virtual solutions and increase their adoption of remote technology making the demand for RPM devices and services one of the biggest trends in medical device manufacturing of 2021, moving into 2022.
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By considering our customers’ unique sales journey and buying styles, we can tailor our messages and sales approach, and increase our sales effectiveness.
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It is no secret that recently the manufacturing industry has been changing. The natural rise of technology and evolution of the economy has resulted in a shift in the manufacturing industry: foreign trade is at historically low levels and changing governments have caused concern to the future of the manufacturing industry.