Investment in technology ‘will help manufacturing bounce back’
THE UK’S manufacturing sector must invest in technology to enable it to bounce back after the coronavirus pandemic, according to a Yorkshire businesswoman.
Emma Robinson, founder of Red Diamond Executive Headhunters, warned that manufacturers may struggle without an investment in innovation despite an anticipated backlash against cheap imports from the Far East.
Red Diamond specialises in placing candidates in executive positions with global companies, including a number of major manufacturers.
Ms Robinson said the UK had much to offer in the way of expertise in many sectors, including food production, construction materials and textiles. However, there were lessons to be learned in other areas, such as technology and automation.
While she welcomed initiatives such as the job retention bonus and Kickstart scheme to support young workers, announced in Chancellor Rishi Sunak’s recent Summer Statement, it was vital to attract the best talent and technology into the manufacturing sector.
She said: “Our manufacturing industry has had a torrid time of late. First there was the credit crunch, then Brexit and its accompanying uncertainty and now coronavirus. But while confidence might have been shaken, capability – and the appetite for success – remain strong.
“British manufacturing has always been associated with high quality both in terms of design and production. Excellence is a commodity that it’s difficult to put a price on. We should be proud of our manufacturing heritage and, while it’s fair to say it has faced challenging times of late, change is just around the corner.
“That’s not to say that areas don’t exist where we could do better. There are lessons to be learned in areas such as innovation and supply chain management. Now is the time to invest in the right technologies to enable us to keep pace with the rest of the world.”
Ms Robinson also anticipated a backlash against inferior products manufactured in the Far East, which would bring renewed demand for British-made products.