Friday, September 24, 2021

Barometer seeks Yorkshire manufacturing SMEs to explore supply chain price changes and raw material issues

Following a quicker than expected recovery across the industry, current barriers to growth is the main focus of the latest Manufacturing Barometer, organised by SWMAS (the South West Manufacturing Advisory Service) and supported by the Manufacturing Growth Programme (MGP).

Aimed at Yorkshire companies employing less than 250 people, the UK’s largest survey of SME manufacturers will explore supply chain price changes and raw material availability – two common pain points for businesses over the last six months.

More than 300 eligible firms are expected to have their say on the other challenges they are facing, including inflation, managing volatile demand, logistics, and recruitment.

It also offers them the chance to influence the current landscape by reporting on their sales, investment and job intentions going forward.

Nick Golding, Managing Director of SWMAS, commented: “The bounce back has been much faster than many of us expected and that was reflected in the last Barometer, with 58% of companies expecting to increase investment and 54% looking to take on more staff to meet increasing customer demand.

“This is great to hear, but it is not without its challenges. Our experts have been hearing concerning reports of massive price changes on raw materials, lead times being extended to months rather than weeks, and challenges with recruiting staff.”

He continued: “Since this survey opened on 12th July, 94% of respondents have told us that price changes within their supply chains are proving problematic, so we encourage other SME manufacturers to also highlight the most pressing issues they are facing.

“We will then share these findings with Government, so they can take action to develop more specialised support and we protect the recovery.”

The Manufacturing Barometer should take no more than 10 minutes to complete and is open until 4pm on Friday July 23rd.

Martin Coats, Managing Director of the MGP, concluded: “This is an extremely important survey as it is the only one in the country that specifically caters for the needs of our SME manufacturers, who make up 98% of all UK manufacturing businesses.

“We want to give the Government, local authorities, and other influential stakeholders the clearest possible picture of the current state of play, and how we can tailor support to help our manufacturing firms recover and grow.”

The Manufacturing Barometer can be filled out here. It will be live until Friday 23rd July.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.