The findings come from a major survey of over two hundred senior manufacturing executives publishe by Make UK and PwC. The survey, published in detail in The Manufacturer, shows that after a very difficult few years through the pandemic, and the shock to energy prices, there are optimistic signs with companies more bullish about the prospects for manufacturing in 2024. As a result, the majority of companies are seeing opportunities outweighing the risks to their business.
Manufacturers are backing this belief with investment in new products, expansion into new markets and accelerating use of new digital technologies to improve their business. However, the survey also shows that manufacturers are wary of the prospects for both the UK and global economies, while significant challenges remain in the faces of increased energy and employment costs, as well as access to domestic skills.
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