In a previous post, we discussed the reasons why businesses must ensure they have better systems to remain competitive. Since then, we have researched a number of industries which we are currently working with, have done so in the past or could potentially work with in the future.
This week, we look at why manufacturing businesses must ensure their systems are substantial and efficient enough in a time of uncertainty for the sector.
At Wolf Group, we’ve worked with a number of manufacturers based in the North East region so have developed an expertise of what really works for businesses within the sector to ensure they’re getting the most out of their systems.
The UK’s manufacturing sector is officially at its lowest point in three years. But what has caused this? Many are suggesting that heightened business uncertainty around the recent EU Referendum may have greatly contributed. This uncertainty may have also affected investment plans.
Last week, the UK voted to leave the EU, undoubtedly leading to varied levels of anticipated disruption for many UK manufacturers. Supply chains may also be greatly impacted as many UK companies have suppliers and customers in the EU.
Britain leaving the EU is just one factor that most UK companies are having to address with an environment of manufacturing uncertainty. In addition, globalisation is impacting many companies presenting both opportunities and threats to manufacturers.
Fundamentally, whether companies are responding to the impact of current uncertainties or considering growth in the future, the common factor that all manufacturers will need are systems which they can fall back on, providing certainty during growth and transition. This ensures that the business will be able to cope with the impact of more detailed administrative infrastructures.