RS Resilience Index highlights areas of improvement for UK manufacturing

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Transforming manufacturing resilience could add £26bn of productivity to the economy according to new research from global electronics supplier RS Components.

Based on six different datasets spanning 20 years of data relating to investment, productivity, and employment. the newly launched Resilience Index tracks the resilience of some of the UK’s most prominent industries and shows that while many key areas of UK manufacturing are showing vital signs in key measures of business resilience, others are more fragile.

In terms of specific industry areas, food production, metals and the textiles sectors are not only below the manufacturing average but below the UK average too. While they were making small gains in the early 2000s, after the financial crash of 2008 these reversed and have never recovered.

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The chemicals industry is among the most resilient of the manufacturing categories. After suffering a dip, post-financial crisis levels have continued to improve at a speed greater than the manufacturing average – and in line with their consistently higher than average rates of investment.

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