High-tech companies face a shortfall of some 40m skilled workers by 2020, with businesses based in China likely to be among the worst hit, according to a study by the McKinsey Global Institute.
The institute – a research arm of the McKinsey strategy consultancy – says that manufacturing will be the sector of the global economy that will be most severely affected.
The specific difficulties that McKinsey foresees for China indicates that the country – which took over from the US last year as the world’s biggest manufacturing country by output – may have trouble continuing its fast rate of expansion in this sector.
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