Wednesday, January 27, 2021

Manufacturing and industrial leaders in Yorkshire must embrace a tech savvy approach to the future

Very few leaders working within the manufacturing and industrial sectors are embracing technology, especially those working in the later stages of their careers, according to a new research report.

The findings from the World Class Leader Report, produced by Leeds-based executive search and recruitment specialist TS Grale, show that successful implementation of the latest technological advancements is a huge challenge for the majority of older businesses leaders.

From automation, to Artificial Intelligence (AI), right through to embracing digital marketing and social media opportunities, the report reveals that many business leaders lack the skills to implement future technology solutions.

Jason Saunders, co-founder and director at TS Grale, said: “It seems that smaller businesses and those with younger CEOs and dedicated technology teams, are savvier and adopt a more connected approach to absorbing and implementing new technologies.

“The report also makes it clear that some successful business leaders shy away from things like AI, as they don’t understand how it could work within their operation, or they can be intimidated by the pace of change. The research showed that CEOs who are in the later stages of their working careers, typically struggle more to fully understand how new technological advancements can benefit their business.

“If veterans within the manufacturing and industrial industries resist the pace of change and fail to embrace technology, they risk losing out to their competitors. As a result, they need to recruit specialists with in-depth knowledge. Of course not every technological advancement is going to be relevant – but by bringing in tech-savvy people from other industries and learning from them, business leaders can embrace the future.”

The UK Tech Innovation Index, which measures both current activity and potential for innovation in seven sectors for 36 UK cities, reveals that businesses based in London are by far the best at adopting technological advancements, followed by those in Aberdeen, Cambridge, Bristol and Birmingham. Businesses based in Glasgow, Norwich, Coventry and Manchester are also in the top 10.

Jason added: “Businesses in the capital fare significantly better when it comes to technology, so those in the regions must strive to adopt relevant new technology in order to keep pace. The younger generation are critical to the manufacturing and industrial sectors and leaders that value their technical skills and learn about the latest technology advancements through them, will ultimately continue to succeed.”

Researchers for the World Class Leader Report interviewed more than 20 board level executives and directors across private, listed and private equity backed businesses, with turnovers ranging from less than £20m to more than £1bn.

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

York Central regeneration progresses as site clearance works begin

A new generation of jobs, housing, leisure and cultural facilities for York will move a step closer next week as early site clearance works...

Major refurbishment programme completes at law firm’s Ilkley office

Work is complete on a major refurbishment programme and IT installation at LCF Law’s Ilkley office, which is the latest investment the company has...

Explore safe handling and storage of bulk materials with four-day course

Examine the issues surrounding the safe handling and storage of bulk materials in ports and on the sea with this course delivered by The...

Force24 adds digital marketing veteran to board following investment

Digital marketing veteran Chris Underhill has been appointed as chair of Leeds-based marketing automation platform, Force24. The appointment forms part of a strategic plan to...

Keyland appointed as sole land broker on new framework

Keyland Developments, the property trading arm of Kelda Group and sister-company to Yorkshire Water, has been appointed as the sole Land Broker on a...

boohoo snaps up Debenhams IP for £55m

boohoo, the online fashion retailer, has acquired all of the intellectual property assets (including customer data and related business information and selected contracts) of...

Related news

York Central regeneration progresses as site clearance works begin

A new generation of jobs, housing, leisure and cultural facilities for York will move a step closer next week as early site clearance works...

Major refurbishment programme completes at law firm’s Ilkley office

Work is complete on a major refurbishment programme and IT installation at LCF Law’s Ilkley office, which is the latest investment the company has...

Explore safe handling and storage of bulk materials with four-day course

Examine the issues surrounding the safe handling and storage of bulk materials in ports and on the sea with this course delivered by The...

Force24 adds digital marketing veteran to board following investment

Digital marketing veteran Chris Underhill has been appointed as chair of Leeds-based marketing automation platform, Force24. The appointment forms part of a strategic plan to...

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.

Close