Year-End 2013 Chemical Industry Situation and Outlook – American Chemistry Council
A very good report from the American Chemical Council on the state of the industry.
They expect that the U.S. chemical output to rise by 2.5% in 2014 and 3.5% in 2015. And in the long term that the U.S. chemical industry will grow faster than the overall U.S. economy. After more than a decade of falling employment, the U.S. chemical industry is adding jobs. Since chemical industry workers are among the highest paid in the manufacturing sector these growing payrolls are expected to strengthen local economies.
This is good news all round.
However one of the concerns that I have is where are these chemical workers coming from . I have previously written about the shortage of skilled labor
and I wonder if and how much these projected and current labor shortages are going to impact this expected growth.
Do you know how you are going to reconcile the growth and the labor shortages?
Can you train people quickly enough to do these jobs?
Will people come out of retirement?
Can you get workers from other counties fast enough?
What other plans do you have to recruit / retain skilled staff?
To read the full report please use the following link http://www.americanchemistry.com/Jobs/EconomicStatistics/Year-End-2013-Situation-and-Outlook.pdf
Please add you comments to the discussion as I am interested what the industry can do to support the expected growth.