Barometer | Manufacturing Growth Programme

Barometer

Manufacturing Barometer

The Manufacturing Barometer maps confidence, trends and opinions from within the manufacturing industry where the findings are used to help lobby local and national Government to ensure that SME manufacturers are receiving more of the right support they need to grow within an ever competitive environment.

Each quarter the survey looks at a ‘special focus’ relating to current news or activities from within the sector and/or economy.

Barriers to Growth Opportunities

 

Supply chain issues set to stall SME manufacturing recovery warns latest Barometer

Major supply chain issues and recruitment challenges are supressing the recovery of the UK’s SME manufacturers, according to the latest Barometer.

The Manufacturing Barometer, reveals that nearly all of the 260 respondents (96%) are struggling with price changes within their supply chain.

Firms believe that rising costs are being driven by lack of availability of raw materials (94%), rising transport costs (82%), and reduced capacity in the market to meet demand (63%).

In addition to these issues, almost half of all companies (49%) are saying they are struggling to find staff as they attempt to scale back up following the pandemic.

Encouragingly, despite the challenges highlighted, this quarter’s report also reveals that 42% of firms are trading at increased levels when compared to their pre-COVID-19 position, and this is mirrored with predictions of job creation (51%) and increased future investment (49%).

This survey collected 260 responses from SME manufacturing businesses in England between 12- 23 July 2021.

Download the National Manufacturing Barometer report here: Q1 2021

East Midlands report
West Midlands report
South East report
Yorkshire & Humber report