Based on the provided excerpt, industrial firms face a leadership vacuum worsened by shrinking talent pipelines amid consolidation. In manufacturing alone, 415,000 jobs were vacant in June 2025 (per the National Association of Manufacturers), underscoring urgent succession risks and hiring pressure.
How should manufacturers balance internal succession development with external hiring to close leadership gaps during ongoing consolidation?
The leadership vacuum is compounded by another problem: Talent pipelines are shrinking just as companies are consolidating. Manufacturing alone experienced 415,000 job vacancies in June 2025, according to The National Association of Manufacturers.