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Setting the scene for manufacturing growth at Subcon
Setting the scene for manufacturing growth at Subcon

Setting the scene for manufacturing growth at Subcon

Added to MTDCNC by MTDCNC on 25 May 2014

Speakers at Subcon 2014 will set the scene for further growth in UK manufacturing and outline new business opportunities.

Felicity Burch, Senior Economist at the EEF, will be speaking about the outlook for UK manufacturing and the economy in 2014 and beyond and Steven Barr, Head of the Manufacturing Advisory Service will talk about the Reshore-UK initiative to help companies take advantage of the business opportunities that reshoring is creating.

Felicity Burch says: 'Manufacturing’s upturn is continuing apace at the start of 2014. What with strong growth in the first quarter, and our Business Trends survey pointing to a continued positive outlook, the sector looks set to grow by at least 3% this year. Manufacturers also have intentions to increase employment and invest in capital equipment highlighting the pivotal role the sector can play in supporting the UK’s recovery.”

Reinforcing this strength is the trend for OEMs to bring work back to the UK from low cost economies.

Steven Barr says: 'For so long, manufacturers felt that it was cheaper to produce certain products and components in low-cost countries and this saw a strong migration of activity towards Eastern Europe and the Far East. This no longer appears to be the case.”

MAS research shows that concern over cost is the principal reason for reshoring, followed by improving quality (20%) and reducing lead times (18%).

Steven Barr adds: 'Our role at MAS is to work with SME manufacturers to ensure they are ready to take advantage of reshoring and new investment by providing them with strategic and technical advice, visibility of new supply opportunities and then signposting them to potential funding support to enhance capability to make it happen.”

Other sessions at the Conference, which is free to attend and has been organised by The Engineer, reinforce the message of opportunity and growth.

In sessions supported by UKTI, Vince Cunningham and Stewart Ferguson of the China-Britain Business Council will look at advanced engineering export opportunities in China.

Looking at opportunities nearer home, Michael Mychaljuk of Jaguar Land Rover will give an update on the health of the automotive industry and JLR’s plans. He will go on to explain the work of the Automotive Council supply chain group in getting the benefits out to the UK supply chain.

Finally, addressing the issue of sustainability, Leigh Holloway of ECO3 will highlight the issues involved in creating sustainable engineering supply chains and explain the concept of the ‘circular economy’.

Subcon 2014 runs from 3 to 5 June at the NEC, Birmingham, and is the only UK event dedicated to subcontract and contract manufacturing services.

To register for Subcon and to book your free places for the conference sessions please visit www.subconshow.co.uk

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