Executives in the UK industrial sector start 2019 facing a messy Brexit process. They have the difficult task of sustaining profitability while preparing contingency plans for potential supply chain disruption, inflation, further currency fluctuations and tariffs. However, in a challenging business environment, it’s all the more important to focus on an effective pricing strategy.
There is a growing need for UK manufacturers to embrace new technologies as they face ever-increasing demand to improve efficiency. Whether this is due to foreign competitors, the ambiguity of what to expect post-Brexit, or simply stakeholder pressure, businesses large and small are forced to do more with less.
The world today is driven by data, creating a change in mindset and way of working that is taking its hold on manufacturing. Alex Love, MD of Customer Experience Consultancy Enigen, says early adopters of change are defining new industry standards, while laggards will experience an uphill battle to compete.
In the latest in our new series of podcasts, we hear from an American whose life took a very unexpected turn. Completely contrary to all his plans, he created a highly successful manufacturing business - in Lancashire - bringing him fulfilment, and jobs to his enthusiastic and highly skilled workforce. However, he might have got off to a better start in the UK if someone had explained to him the concept of Bank Holidays ....