|The critical importance of the trading partnership between UK manufacturers and the European Union has been highlighted in the survey - an initiative from the Manufacturing group at Deloitte in collaboration with Works Management, the first in a series of quarterly Point of View surveys examining critical issues for UK manufacturers.|
Made in the UK has been focused on the key issues and challenges for UK manufacturers trading in the Global marketplace.
Over the past year, UK manufacturing has had to confront and defy the most turbulent of times, facing complex and demanding decisions to continue to play its part in the Global manufacturing sector.
Encouraged by Government and driven by the need to seek new markets, manufacturers are developing their export business, exploring where Global trading could gather pace and evolve in the next decade.
Ninety-four per cent of respondents export at least some of their manufactured output, with more than a third exporting over half of their production. Most saw their biggest challenge as achieving the efficiency necessary to be able to compete internationally on price.
The findings illustrate that the comparative weakness of sterling has not yet boosted exports as much as may have been anticipated with fewer than one in three manufacturers (30%) saying their exports had increased over the past 12 months.
A podcast, featuring a debate between David Raistrick, UK & Switzerland Manufacturing Industry Leader at Deloitte, and eminent academic, Professor David Bailey, business commentator and academic on International Trade and Ken Hurst, editorial director of Works Management, is also available.
To participate in forthcoming surveys, please contact UK Manufacturing group.