Is there a future for UK manufacturing?Some figures suggest production in the manufacturing industry is in decline, but do not take into consideration the changes in which the industry is measured. As explained on TheManufacturer.com, “Although the contribution of manufacturing to GDP has declined on paper, many of the services provided to manufacturers which would have once been considered part of manufacturing, such as catering; cleaning; building services, security and so on, are now allocated into different areas of the economy.” In fact, manufacturing contributes £6.7 trillion to the global economy. Some may believe the industry is weakening, yet, manufacturing makes up 11% of UK GVA (Gross Value Added), 54% of UK exports and employs 2.6 million people. What’s more, according to a recent report from the Office for National Statistics (ONS) it’s grown by 1.4% each year since 1948. The ONS attribute this sustained growth to a more skilled workforce; a shift in production from low to high productivity goods and improvements in automation and ICT. According to manufacturing statistics, investment in ICT continues to be a main focus, with 61% of manufacturers explaining they’ll be spending more on it this year. 25% expect to implement ERP software solution, and 16% aim to upgrade their IT infrastructure, in a bid to revolutionise, stabilise and grow the industry further. To help manufacturers realise their full potential, we’ve put together the following information here >>> For more information, download the annual manufacturing report 2016 here.