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The Future of Manufacturing

The Future of Manufacturing

Our 2019 report looks at the major challenges facing UK manufacturing and what actions senior executives should consider to stay competitive.

Research among UK manufacturers provides a glimpse into the reality of UK manufacturing.

Download our The Future of Manufacturing report.

UK manufacturing is at a crossroads and the next few years will determine whether the country can retain its place as a global leader. We are facing exponential changes that have the potential to redefine the health of our businesses and our economy. UK manufacturing companies need a strategy for world-class competitiveness.

This report looks under the bonnet of UK manufacturing at the factors keeping senior executives awake at night and their responses to the forces of disruption that stand before them. The result of in-depth research conducted into 300 firms from a cross section of regions and manufacturing sectors, this study considers whether firms are doing enough to fight their corner.

The next 12 months will be critical for our industry and for the UK as a whole. Our collective success depends on every single manufacturer’s capacity to embrace change as a catalyst for transformation. Together, we must do all we can to retain the UK’s global standing at a time when it might be at its most fragile.

Key findings from the report:

  • 90% of UK manufacturers report obstacles in realising their digital strategies.
  • 54% of manufacturers are thinking of moving their UK operations offshore.
  • 44% of manufacturers cite talent and skills as a driver for international firms choosing to invest in the UK, followed by quality of infrastructure (42%).
  • 67% of manufacturers view technology disruption as a threat to their business model.
  • 46% cite availability of talent as an obstacle in realising their digitalisation strategy.

To find out more download our The Future of Manufacturing report.

For further information please contact Stephen Cooper, Head of Industrial Manufacturing, KPMG in the UK.

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