Key Findings 34%
60%
put skills shortages at the top of their agenda. Most businesses want to see government action on expanding skills training for the future work-force at all levels of education.
Improved productivity and efficiency is the strategy which most companies deploy in order to absorb price increases.
52% 67%
took the view that they could not pass on any increased costs to customers.
The MHA manufacturing and engineering survey indicated a number of consistent trends
have a Brexit strategy in place. 66% feel they cannot plan for the impact until they know the government’s strategy and the EU’s response.
70% 30%
said that Brexit concerns and uncertainty over future trading tariffs etc. was their main barrier to growth over the next 12 months.
89% 51%
58% 63%
are planning on taking on apprentices in the next 12 months.
19%
reported that recruiting appropriately skilled staff is the main barrier to growth over the next 12 month.
mha-uk.co.uk THE BUSINESS MAGAZINE – MARCH/APRIL 2019
businessmag.co.uk 21 19%
indicated that they can recruit as needed.
41%
favoured investment in existing staff, such as training/ benefits/ production bonuses.
28%
of companies invest some percentage of their turnover in R&D.
However, only 51% applied for R&D Tax Credits.
Despite uncertainty surrounding Brexit, manufacturers are optimistic in terms of growth, with 70% of respondents predicting growth for their business over the next 12 months. However, this is down by 8% from last year.
Key Findings 34%
60%
92% 72% 66%
£ 67%43%
believe that raw material costs will rise.
cited increasing wage costs.
took the view that they could not pass on any increased costs to customers.
put skills shortages at the top of their agenda. Most businesses want to see government action on expanding skills training for the future work-force at all levels of education.
A RANGE OF FACTORS CONTRIBUTED:
Improved productivity and efficiency is the strategy which most companies deploy in order to absorb price increases.
felt their cost of production would rise in the coming year.
52%
expect increases in the price of components.
Manufacturing and Engineering Annual Report 2018/19
have a Brexit strategy in place. 66% feel they cannot plan for the impact until they know the government’s strategy and the EU’s response.
30
said th and un future was th growth month
89 51% 58
of com percen in R&D
export being t destin
93% 63%
are planning on taking on apprentices in the next 12 months.
export, with the Eurozone being the most popular destination.
100%
of exporting respondents export to the Eurozone.
73% 49% 19%
need to recruit production staff; this is up 9% from last year.
reported that recruiting appropriately skilled staff is the main barrier to growth over the next 12 month.
mha-uk.co.uk 82% Where recruitment is a barrier to growth:
favoured adopting lean manufacturing strategies.
22%
saw investment in updated machinery as a viable option.
believe their main competitors are based within in the UK, with 35% of them saying that they face competition within their own region of the UK.
19%
indicated that they can recruit as needed.
Where recruitm 41%
expect to increase their staff numbers in the next 12 months.
favoured in in existing as training production
believe that they can automate a percentage of their manual processes over the next 10 years. 20% believe they could automate up to 50% of their manual processes within this time.
5
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48
