This latest report in our Manufacturing Advantage series comes at a time of enormous economic uncertainty. The rapid contraction in activity across the world now looks set to be followed by a long road back to recovery. However, the fog of the financial crisis has diverted attention from the more productive sectors of our economy.
This series of reports from EEF and BDO LLP has shown previously how UK manufacturers have demonstrated their agility in responding to the challenges of increased global competition and tapping into new market opportunities.
This report, based on a survey of 300 companies from across manufacturing, shows that while the world economy has been through 18 turbulent months, firms’ ambitions and strategic priorities have not been knocked off course by the global recession. Indeed, the downturn may have provided a significant, but temporary, disruption to world trade flows, but manufacturers are not expecting a fundamental shift in the balance of global threats and opportunities over the next five years. Nor do they plan to refocus away from the innovation and customer service-led strategies that had supported growth and productivity before the recession.
Members can download a copy of our report Manufacturing Advantage using the link on the right hand side.