This is the third year PwC is working in association with Make UK on its flagship executive report.
The three focus areas are: i) Rising costs of business, ii) Remaining competitive, iii) Restoring business confidence.
Despite rising energy costs, nationwide skills shortage and economic inflation, UK manufacturers are making proactive business decisions that will help them shape the future.
They’re leading, rather than waiting to be led – finding new ways to add value and boost productivity while driving out cost and carbon to create a real competitive advantage.
Many organisations are already demonstrating innovative thinking, adaptability and leadership. Those manufacturers are breaking new ground by exploring new ways to stand out in their market, while also focusing on keeping costs low. Funding upskilling and retraining programmes for staff, helping them develop new skills and add value to their sector. Using energy efficiency measures, like the adoption of green technology, as a means of reducing expenditure across the value chain. And staying on top of working capital despite the challenge of supply chains lengthening.
Now is the time to build on what’s already being done. Productivity and resilience is stronger amongst organisations who are intensely focused on investing in the right areas. Leaders in the manufacturing sector will be those that want to learn from others, with a culture of open source management being a key focal point. As well as those who are keen to develop innovative approaches to solving immediate challenges, while not losing sight of long-term objectives.
Winning manufacturers are recognising ESG and decarbonisation as opportunities to create a real competitive advantage — and they are investing in their organisation in a way that shapes the industry for the better. Follow the link for more information.
PwC’s 26th Annual CEO Survey shows UK CEOs are under no illusions that after a tough few years things are about to get tougher still.
As they deal with challenges such as high inflation, the cost of living crisis and continued geopolitical disruption they are exercising caution and exploring short-term measures to mitigate the impact on their business. But at the same time they are resolutely focussed on strategic investments, specifically in the talent and technology needed to transform their businesses and ensure long-term growth and viability.
The survey reveals UK CEOs are confident the interventions and investments they have planned will keep them on track, help them overcome the immediate challenges they face, and prove successful in creating long-term value.
Follow the link for more information.
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