Special Focus: The reality of Reshoring for SMEs
There have been media reports that production is being brought back to the UK, but are SMEs really feeling the benefit?
This quarter's Manufacturing Barometer explores how current supply chain disruption and cost challenges are impacting potential opportunities, and what support would be most beneficial to help UK manufacturing prosper and grow.
The story in the South West
This report has been created using responses from businesses across the South West of England to highlight the current position of regional manufacturing and how this differs from the national picture.
What does this regional report reveal?
Almost all respondents said supply chain price changes, inflation, and energy costs are negatively impacting their business:
Over a quarter said their orders have increased as a result of production being brought back to the UK, but 18% of these businesses are unable to meet this demand due to the following challenges:
These are the leading areas of support being called for by SME manufacturers in the South West:
To download the full national report click on the link below...