{"id":24292,"date":"2023-02-06T10:37:14","date_gmt":"2023-02-06T10:37:14","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=24292"},"modified":"2023-02-06T10:38:13","modified_gmt":"2023-02-06T10:38:13","slug":"uk-manufacturing-sector-production-volumes-returning-to-pre-pandemic-levels","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/uk-manufacturing-sector-production-volumes-returning-to-pre-pandemic-levels\/","title":{"rendered":"UK manufacturing sector production volumes returning to pre-pandemic levels"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Almost three-quarters (70%) of engineers working in UK manufacturing report that business has returned or even exceeded pre-pandemic production volumes as the darkest days of COVID-19 appear to be fast disappearing into the rear-view mirror.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses in the aerospace, electronics and energy sectors all point to a substantial recovery with 72%, 59% and 71% of respondents respectively flagging a return to pre-COVID-19 levels of production.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But not every sector is in such rude health: 60% of respondents in the automotive industry say output in their firms has been reduced, and access to skills, supply chain issues and the move to hybrid\/remote working were all cited as particular challenges across all areas of manufacturing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The State of Manufacturing 2023 Report, conducted for Essentra Components by <em>The Engineer Magazine,<\/em> sought to uncover the biggest concerns facing engineers working in UK manufacturing. One of the most important studies of its kind ever to be commissioned, the report focuses on respondents&#8217; attitudes to future talent, technology, sustainability, and a heavily impacted supply chain in a post-COVID world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scott Fawcett, Chief Executive Officer, Essentra PLC, says the performance of the manufacturing sector is often seen by Government and the media as a barometer for the UK&#8217;s wider economic well-being: &#8220;With this report, we are demonstrating our responsibility as a leader to dig beneath the surface and find out what is really going on behind the numbers, to help inform future decision making.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The issue of skills was a particular concern, with almost three-quarters (74%) saying new recruits frequently lack the skills and qualifications needed to succeed in a modern manufacturing environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Perhaps of greatest concern, however, is the supply chain: exactly half (50%) say supply chain pressures have had a significant impact on their business, and 62% expect those issues to remain for anything up to five years. Some 15% even believe they could go on indefinitely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To mitigate the effects of these challenges, manufacturers are taking a variety of actions from sourcing new suppliers (64% of respondents) to increasing prices (43%) and exploring ways of reducing overheads (just under 30%). Around a quarter of respondents also report using supply chain forecasting models, and even reshoring aspects of production, to anticipate and address supply chain delays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On a more positive note, most (90%) say their firms have an active technology investment plan and almost two out of three (61%) view the drive for increased sustainability as an opportunity, rather than a threat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scott says it is reassuring to see so many positives from the report: &#8220;Despite the challenges of COVID-19, manufacturers appear to be bouncing back with production volumes and financial revenues recovering to pre-pandemic levels,&#8221; he says.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;It is encouraging to read of the investment many are making in technology and innovation, and in addressing the challenges of a disrupted supply chain. It is also pleasing to see the continued focus on sustainability, making our industry and our planet fit for future generations. It&#8217;s something we can be proud of, both professionally and personally.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other interesting findings from the report relate to employees&#8217; health and well-being. Whereas manufacturing has always attached considerable importance to physical well-being, it is now also focused on an employee&#8217;s mental health. More than three-quarters (77%) said they feel their mental well-being is supported by their employer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Scott adds: &#8220;It is similarly pleasing to see the focus on staff, and that mental as well as physical health is fast making its way to the top of the boardroom agenda.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;None of us, however, can afford to be complacent,&#8221; he concludes. &#8220;Neither can we ignore the challenges ahead, but neither should we ever doubt the resilience of the manufacturing industry, and its ability to surprise.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Download the full report <strong><a href=\"https:\/\/www.essentracomponents.com\/en-gb\/state-of-manufacturing-2023\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a><\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The State of Manufacturing 2023 report was conducted between July and September and published on 6<sup>th<\/sup>&nbsp;February 2023. It comprised interviews and feedback from 446 UK manufacturing teams from design and production through to operations and procurement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Almost three-quarters (70%) of engineers working in UK manufacturing report that business has returned or even exceeded pre-pandemic production volumes as the darkest days of COVID-19 appear to be fast disappearing into the rear-view mirror. Businesses in the aerospace, electronics and energy sectors all point to a substantial recovery with 72%, 59% and 71% of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[5128,11282,11281],"class_list":["post-24292","post","type-post","status-publish","format-standard","","category-news-views-and-opinion","tag-essentra-components","tag-the-engineer-magazine","tag-uk-state-of-manufacturing-2023-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK manufacturing sector production volumes returning to pre-pandemic levels - Engineer News Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/uk-manufacturing-sector-production-volumes-returning-to-pre-pandemic-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK manufacturing sector production volumes returning to pre-pandemic levels - Engineer News Network\" \/>\n<meta property=\"og:description\" content=\"Almost three-quarters (70%) of engineers working in UK manufacturing report that business has returned or even exceeded pre-pandemic production volumes as the darkest days of COVID-19 appear to be fast disappearing into the rear-view mirror. 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