Reshoring continues apace in UK manufacturing sector - PES Media

The UK manufacturing industry is continuing to re-shore suppliers as supply chain volatility becomes permanent and overseas companies turn their back on supplying the UK. This is according to a major report released today by Make UK and software company Infor. The report, 'No Weak Links – Building Supply Chain Resilience' published at the Make UK National Manufacturing Conference in London, shows the unrelenting pressure on company supply chains from increased costs and geo-political uncertainty which are creating unacceptable lead times. For many manufacturers this poses a strategic risk to their business and, as a result, they are placing their supply chains under the microscope and adopting a range of strategies to manage relationships with suppliers at home and overseas. This includes diversifying their supply chains by either increasing or reducing the number of suppliers, as well as investing in a range of technologies to monitor up and down their supply chains.