Time for manufacturers to take risks

Risk averse manufacturers in the Midlands are stifling potential growth in exports and in doing so are stalling economic growth in the region, according to a leading academic and business commentator.

Professor David Bailey from Coventry University Business School said the UK was too reliant on the US and Eurozone for its exports and needed to look further afield to countries such as China and India, where there are rapidly expanding markets. Continue reading

Deloitte launches “Made in the UK” manufacturing report

Jane Lodge and Professor David Bailey

Support for exporters, jobs and making sure that credit flows through to business remain the top priorities for the manufacturing sector and wider economy, according to a leading business commentator and Midlands academic.

Professor David Bailey, from Coventry University Business School, said these, along with growth in export markets, could help trigger a mini-renaissance in manufacturing. He also pointed to the fact that more needs to be done by government to support the manufacturing industry.

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Supply chain management key to survival in the downturn

In order to survive and thrive in the downturn, manufacturers need to be tactical in their approach to supply chain management, according to industry experts at business advisory firm Deloitte.

Jane Lodge, Midlands manufacturing industry leader at Deloitte, said companies needed to make critical supply chain decisions in order to withstand the downturn and be in a strong position for the recovery.

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