2014 looks set to be a turning point for the UK manufacturing sector with the EEF forecasting that the sector will grow by 2.7% in 2014 compared to 2.4% for the economy overall. Against this positive growth backdrop, UK manufacturing is grappling with increasing customer complexity, emerging technologies such as 3D printing, supply chain disruption and the challenges that a multi-generational workforce creates.The Manufacturing Success report is an annual review of key trends in the UK manufacturing sector. In 2013, Manufacturing Success reported that the siege mentality and focus on survival amongst UK manufacturers was beginning to recede as manufacturers became increasingly
condent about their growth prospects. In 2014, the
Manufacturing Success report evolves to highlight the factors that will serve to accelerate growth amongst UK manufacturers.Manufacturing Success 2014 introduces the concept of the connected manufacturer. The report discusses the importance of interconnectedness as a driver for success as we move towards 2020.
Specically, the report focuses on three types of interconnectedness:
Connections between people (internal collaboration and knowledge sharing)
Connections between businesses (relationships across the supply chain to include suppliers, partners and customers)
Connections between things (use of smart components to connect products)Whilst all three types of interconnectedness are considered highly important to drive future success for manufacturing, the extent to which manufacturers are ready and capable to capitalise on the opportunities that such connections can bring varies widely and highlights the need for manufacturers to focus on strengthening their interconnectedness to help realise their growth ambitions.
The Manufacturing Success report is an annual review of key trends in the UK manufacturing sector.
High techIndustrial componentsAutomotiveOil and gasChemicalsMiningAerospaceBuilding materialsFabricated metal productsPrimary metalsOther
Figure A: Manufacturing sector