In 2018. when Brexit was still uncertain and Covid-19 was unheard of, the Telegraph carried an interesting article on the strength and potential of the UK Manufacturing economy. With so many manufacturing companies pulling out all the stops at the moment, working to respond to today’s challenges and demonstrating incredible resourcefulness and ingenuity, that article deserves a re-read. https://www.telegraph.co.uk/business/tips-for-the-future/future-of-manufacturing/
“Britain is the birthplace of the industrial revolution – and remains a leading manufacturing nation today, as well as a world leader in hi-tech sectors such as aerospace. There are 2.6 million people directly employed in manufacturing in the UK, and British manufacturers saw product sales of £364.7bn in 2016, according to the Office for National Statistics (ONS).
Embracing new technology is essential to ensuring the future of Britain’s manufacturing sector, “Technology is rapidly accelerating for manufacturers and this pace is likely to grow. The use of data analytics, robots, multi-purpose production lines and intelligent machines will change the landscape.”
A report by the Boston Consulting group (BCG) suggested that Britain could use technology to increase industrial efficiency by up to 25pc, seeing manufacturing sector growth of up to 3pc per year. It’s key that workers are not afraid of technology. And industry publication The Manufacturer suggests that if current growth trends continue, Britain could break into the world’s top five industrial nations by 2021.”