SOFTWARE & SYSTEMS
BREXIT GRIDLOCK
AZZURE IT
DEALING WITH BREXIT UNCERTAINTY
THROUGH INVESTMENT
Contrary to public opinion, the UK is one
of the leading nations when it comes to
manufacturing. We currently rank ninth
in the world, and produce £3.82 billion
to our economy from our manufacturing
businesses (Office for National Statistics).
It’s critical that UK manufacturing
businesses have next-generation digital
infrastructure in place. The UK is taking
steps to cement its position as a world
leader in future technologies of full fibre
and 5G through the £740m of funding from
the National productivity investment fund
that the chancellor announced last year.
The top companies are digitalising well,
and there are numerous examples of
medium-sized companies that are starting
to do it quite well in implementing these
techniques.
However, the gridlock of Brexit has
dragged the UK economy close to stalling
point. Growing numbers of manufacturing
companies are delaying their spending
plans, or cancelling their investment all
together due to the uncertainty in the
current marketplace, and not having a
clear view on how Brexit could affect their
supply chain.
Mr Phipson identifies that the challenge is
the long tail - the 90% of businesses that are
SME’s – and ‘really getting them to realise
the value of investment’ and what they can
achieve through digitalisation.
Manufacturing companies are now
deciding to go to Europe themselves
rather than exporting, putting off
investment all together and, as Make UK
Chief Executive Stephen Phipson describes
it, ‘building inventory like crazy’.
The current uncertainty in the marketplace
is forcing manufacturers to hoard more
inventory, meaning that their stock
holding capabilities need to improve
rapidly to deal with the increased
levels. One way of achieving this, is to
digitalise their business, and introduce a
sophisticated and sustainable business
software solution.
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PECM Issue 38
The fourth industrial revolution is currently
taking place, with digitalisation touching
every aspect of life, specifically businesses.
The introduction of next generation
business software is allowing businesses
to thrive in this time of uncertainty,
automating their stock holding processes
and giving them a full and clear overview of
their whole business.
To understand how digitalising your
manufacturing processes can help your
business, contact Azzure IT today.
We have significant experience helping
companies like Make UK, S+B and other
process manufacturing companies like
Snowdonia Cheese.
If you’re looking for expert business
software advice, please get in touch:
0345 467 9950
[email protected]