An Economic Times news reports states that the manufacturing sector in India is facing an impending leadership succession crisis as companies were unable to build a talent pipeline. Many manufacturing companies are expanding their overseas operations and are looking to hire senior leadership talent from outside.
The problem is compounded by the fact that manufacturing companies have been ineffective in their efforts to build talent internally. A BCG report states that graduating students do not prefer the manufacturing sector owing low salary, job location, and lack of career growth.
Read the Economic Times article here.