Undoubtedly, the manufacturing sector is facing change and uncertainty, but it’s also seeking to take control of its own destiny. A new report from Sage, ‘Riding the wave of uncertainty: how process manufacturers are planning for a brighter future,’ discusses the issues, and offers several reasons to be hopeful for the future.
Given that the Brexit debate has been fixated on issues such as the backstop, customs union and single market, businesses have perhaps overlooked one particular element of our relationship with the EU that may cause them a headache right now. Intriguingly, government seems to have overlooked it as well.
The UK plastics industry holds a strong position in the global market, consistently evolving with technology and innovation. However, Brexit is a huge challenge facing UK plastics, and it could spell disaster for both those working in and alongside the industry.
The Annual Manufacturing Report 2018, published by Hennik Research, says UK manufacturers are poised to take on the world, but are failing to pull the trigger on a bright future because of uncertainties surrounding the outcome of Brexit negotiations and the threatened shortage of skilled workers in the coming decade.