The first phase of a £246m government investment into battery technology will be launched today, geared towards ensuring the UK builds on its strengths and leads the world in the design, development and manufacture of electric batteries.
A recent survey has shown UK manufacturers are increasingly moving their businesses from being purely product centric to incorporating new service offerings to deliver business growth and new revenue streams.
'What if the age of offshoring has come to an end?' asks Steve Johnson, CEO of Missouri Partnership. 'What if the global market is adjusting so that reshoring (or keeping production in the US to begin with) makes the most financial sense?'