The Evolution of Manufacturing CEOs: Embracing Complexity and Seeking Guidance with Stephen Gold

In this episode of the Manufacturers Network Podcast, host Lisa Ryan introduces Stephen Gold, the President and CEO of the Manufacturers Alliance since 2001. Stephen, who has transformed the Alliance into a leading network for manufacturing leadership, shares insights from his diverse career and the challenges facing the manufacturing sector today. Stephen started his career in government relations, communications, and law before moving into manufacturing associations in 2000 and joining the National Association of Manufacturers (NAM) in 2001. Recognizing the essential role of manufacturing in the economy, he joined the Manufacturers Alliance in 2011.

Stephen highlights the top challenges for manufacturing leaders, including finding skilled workers, technological advancements, cybersecurity threats, supply chain complexity, and global market volatility. The workforce challenge is paramount, as finding workers with the right skills for modern, technologically advanced factories is difficult. Technological changes such as digitalization, robotics, cloud computing, and AI rapidly evolve, and manufacturers struggle to integrate these technologies into legacy systems. Cybersecurity is another significant concern, with manufacturers being a primary target for cybercriminals due to the potential for extorting money by shutting down production lines.

Stephen explains that manufacturers are collaborating with high schools and technical schools to build a skilled workforce, though it's a piecemeal and long-term approach. Additionally, manufacturers are leveraging new technologies to create more transparent supply chains and adapt to disruptions caused by global and political shifts. He also emphasizes the increasing importance of peer-to-peer networking in solving industry challenges, with the Manufacturers Alliance facilitating these connections through meetings, benchmarking surveys, webinars, and online discussion boards.

Lisa and Stephen also discuss the evolving role of manufacturing CEOs. The new generation of leaders is expanding their leadership capacities, focusing on self-awareness, relatability, and adaptability, and seeking guidance from board members and senior leadership teams. Finally, Stephen encourages listeners to visit the Manufacturers Alliance website for a wealth of research and insights, noting that anyone can contact him directly via email for further information.