According to the Annual Manufacturing Report 2020, published by The Manufacturer, UK manufacturers say climate change and technology revolution are opportunities not challenges, but fear continued political uncertainty and the inability of the education system to produce skilled recruits.
After three years of unprecedented uncertainty and declining productivity caused largely by Brexit, UK manufacturers remain anxious about the immediate future, even though they embrace the opportunities posed by climate change and new technology to become more sustainable and efficient.
Over 350 manufacturers across the entire spectrum of UK industry were surveyed for the Annual Manufacturing Report 2020 – the Search for Stability, published today by The Manufacturer.
“Our survey shows the vast majority of manufacturers are ready for anything,” Nick Peters, Editorial Director of The Manufacturer said. “But the fact remains they are operating in a semi-hostile environment thanks to politically-driven trade uncertainty, chronically weak education outcomes and a financial sector that is only intermittently geared towards their needs.”
“It should be noted that this survey took place before the new Conservative government made clear its very hard negotiating stance towards the EU, and before the Coronavirus threatened global supply chains,” Peters added. “With all that in mind, it would be interesting to see how confident and resilient our manufacturing companies might remain in light of those extra pressures.”
The Annual Manufacturing Report 2020 covers five areas of manufacturing and business operations:
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