34 WESTERN PALLET
The Manufacturing Institute warns that up to 1.9 million manufacturing jobs could remain unfilled over the next decade unless these talent issues are addressed. Additionally, the need for higher-level skills that integrate technical, digital, and soft competencies is becoming increasingly critical.
Looking ahead to 2025, favorable economic conditions such as lower interest rates and ongoing investments in U.S. manufacturing may boost demand, potentially exacerbating labor shortages. To combat rising wages and
high turnover costs, manufacturers are focusing on enhancing the worker experience. According to a 2024 survey by the UKG Workforce Institute, a significant number of companies recognize the high costs associated with replacing skilled workers and are therefore prioritizing strategies to retain and upskill their workforce.
In summary, there seems to be a modestly optimistic outlook for 2025, but concerns about continued high interest rates, tariffs and other uncertainties are tempering expectations.
WPM
Looking Ahead to 2025
Cont'd
Celebrating WPA Annual Meeting Sponsors
Financial contributions from our Annual Meeting Sponsors are integral to the event of this crucial yearly event. In alphabetical order, here are this year's sponsors. At the Annual Meeting or elsewhere, please take the time to thank them for helping to make sure this year's Annual Meeting a resounding succcess!
Advance Luber & Pallet
American International Forest Products
Bettaway
Cresswood Shredding Machinery
Eagle Forest Products
Hub International
Pacific Northwest Lumber
Pallet Connect
PalletTrader
Pelican Bay Forest Products
PLM
PRS Group
Sierra Pacific
Tri-Pac
Viking Engineering