Why flexible technology is key to reshoring manufacturing

In-Depth

MetLase Managing Director Steve Dunn explains why flexible technologies, horizontal innovation and adaptive manufacturing are key to making reshoring a reality.

 

There is nothing like an unprecedented global crisis to sharpen focus on the importance of UK manufacturing and having a supply chain in place to produce vital, life-saving equipment.

Covid-19 has sent global shockwaves throughout the economy, but it has also made people think twice about building things overseas. Reshoring, it appears, is in vogue.

Whilst some of this is being furiously led by Government departments trying to instigate a bounce back, there does appear to be industry sentiment behind it too. In fact, trade body Make UK research found 46% companies are planning to bring work back home over the next two years.

So, where there is a will, surely there is a way? Yes, that’s true, but UK manufacturers cannot sit back and just expect this to happen without ensuring they offer a competitive solution to international rivals.

Many contracts will have been offshored previously for cost reasons and this will definitely be the biggest hurdle to convert the hype into tangible orders.

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