Cost Management Issues Affecting Businesses: Manufacturing
Business is booming in the apparel and textile manufacturing sectors
Following on from the positive news reported in our last edition that the UK is now back in the world’s top ten of industrial nations, business is booming in the apparel and textile manufacturing sectors.
Comparing 2016 to the previous year, a survey of 95 UK textile manufacturers by the Make it British initiative discovered that many manufacturers saw production increases of 25-50%, with 30% seeing more enquiries after compared to before the EU referendum.
Whilst feeling very positive for the future of the industry, they believed the recruitment of skilled staff and rising costs (particularly for raw materials) were their main challenges.