Chris Iveson, CEO at FourJaw Manufacturing AnalyticsUK manufacturing continues to show signs of resilience, with the latest
Make UK report published yesterday revealing a £3 billion rise in output to £220 billion and a boost in investment to £44 billion. The sector has climbed to 11th place globally, but persistent trade uncertainty and rising costs are casting a shadow over future growth.
Chris Iveson, CEO of
FourJaw Manufacturing Analytics, acknowledges the positives but warns that economic instability is forcing many manufacturers to rethink their strategies. Export activity is down, supply chains remain vulnerable, and rising labour costs are squeezing margins. He said: “Uncertainty is affecting investment and could lead to further contraction. Many manufacturers are shelving growth plans and focusing on adaptability and resilience.
“Despite the challenges, Mr Iveson sees opportunity in adversity. He points to rapid digitisation and data-driven efficiency gains as key factors helping firms offset cost pressures and reduced headcounts. “Manufacturers who understand their operations and invest in productivity are better placed to compete, both domestically and internationally.”
He has also called for the Government to follow through on commitments to advanced manufacturing, clean energy, and life sciences, stressing that contracts and collaboration are vital. Mr Iveson concluded: “Those who get their house in order now will be ready to seize future opportunities.”