The aging workforce refers to the demographic shift where the proportion of older workers is increasing, resulting from a combination of a drop in birth rates and extended lifespans.

This presents significant challenges for industries, particularly manufacturing. A major concern is the risk of losing invaluable knowledge and skills as experienced workers retire, and a looming talent shortage.

To mitigate these risks, companies must adopt technologies for strategic skill transfer, invest in reskilling programs, and explore human-machine collaboration to maintain productivity and innovation.