Snap lockdowns, Covid-induced factory shutdowns, fluctuating freight costs and tremors across supply chains. There’s no doubt about it – manufacturers have had more than their fair share of grievances lately.
What’s more, recent statistics from the UK Office for National Statistics show that UK manufacturers’ profitability has dropped to its lowest level for a decade – which could be seen as indicative of the impact of both Brexit and the pandemic on the sector.
We certainly hope this will change. Technology has long been touted as one of the answers to the UK’s industrial productivity woes, and will be more important than ever as we look at strengthening our economy following the pandemic. Yet, in industrial settings, the UK lags behind in implementing advanced digital technologies in comparison with some of its counterparts on the continent.
Could the solution to this puzzle be closer than the industry thinks?
From advanced product tracking to autonomous...