According to KPMG's 2014 report “Global Manufacturing Outlook: Performance in the crosshairs,” manufacturers are set to face a new set of challenges around product development strategies and supply chain, while it’s also been revealed that there is emphasis on understanding product costs and profitability.
The recovery in UK car production in the automotive sector, highlighted by a 12 per cent increase in March against the same month in 2013, is indicative of a growing demand from Europe, according to the Society for Motor Manufacturers and Traders (SMMT).
According to the latest Barometer from the Manufacturing advisory service (MAS) as quoted in The manufacturer, around 40 per cent of small to medium sized manufacturers in England are planning to recruit.
When Beth West, chief buyer behind the HS2 rail project, told Supply Management magazine that the level of discussion with the market and experts from major infrastructure projects were unprecedented, it was clear that early preparation, involving professionals at the highest level, are intrinsic to getting the procurement strategy right.
More than ten per cent of the gross value of the UK is accounted for by manufacturing, a recent report has shown.