Manufacturers witness increase in sales
Manufacturers in England have witnessed an increase in sales, which has allowed them to create more jobs and invest more in now products, according to the Manufacturing Advisory Service.
The National Manufacturing Barometer Survey indicated that over half of all respondents have seen an increase in turnover in the last six months, and a further 60% anticipate further growth before the end of 2012.
41% of all businesses are planning to take on staff, while another 50% anticipate that employee numbers will remain at the same level.
Business Minister Mark Prisk said: “A key element of the Government’s support for manufacturers is our investment in MAS, which is offering real support to businesses to strengthen their operations and grow.
“I am delighted to hear of the success of Barkley Plastics and other SMEs helped by MAS in increasing sales, creating new jobs and investing in new technology to keep ahead of global competition.”
Simon Griffifths, MAS Area Director for the North and West believes that the survey is the clearest indication yet that manufacturers are witnessing a revival, and investment by the major Original Equipment Manufacturers and interest from overseas has facilitated this demand.
He added: “The Barometer includes the views of manufacturers from all sectors and, against the backdrop of improvements in turnover, is showing a renewed commitment to create new jobs.
“It will be interesting to see if employers can find the skilled staff they require to fill the positions, bringing into focus the need for companies to create and support Apprenticeships so we can start to fill the talent pipeline again.”
The report also indicated that 44% of companies are planning to increase spend on premises and machinery, while a further 25% have plans to invest in new technology.
Further findings show that 77% of companies recognise the need for supply chain improvements, yet when respondents were asked what they planned to measure and review it was clear the emphasis was on products rather than processes. The most popular choices were prices of product and product ranges.
This was posted in Bdaily's Members' News section by Ruth Mitchell .
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