1、In association with:125YEARSBACKINGBRITAINSMAKERSEXECUTIVE SURVEY 2024THRIVING DESPITE ADVERSITY MakeUK.orgEXECUTIVE SURVEY 2024 2SummaryFOREWORD 3EXECUTIVE SUMMARY 4KEY STATISTICS FROM 2023 5PART 1:MANUFACTURERS VIEWS OF THE YEAR AHEAD 6PART 2:GROWTH STRATEGIES AND INVESTMENT INTENTIONS 14PART 3:IS

2、 THE UK A COMPETITIVE PLACE TO DO BUSINESS ONCE AGAIN?18CONCLUSION 21ABOUT 22CONTENTSCONTENTS MEXECUTIVE SURVEY 2024 2MEXECUTIVE SURVEY 2024 3SummaryFOREWORDEXECUTIVE SURVEY 2024 3FOREWORDWith input costs reducing,they are trying to get themselves on a positive footing-so its no surprise to see cost

3、 controls topping the agenda.Growth plans have to prove margin enhancing and fit for the future.With this in mind,its notable that 23%of manufacturing leaders see opportunities in net zero,digital tech,cloud and artificial intelligence(AI).Take decarbonisation:while its not top of the to-do list for

4、 most,going green can help tackle pressing cost concerns and labour shortages.Those leading the charge are tuned in to changing market demands,making purpose-driven investments.This means getting to grips with the inner workings of supply chains to understand where inefficiencies lie,and where to ma

5、ke small,simple changes.The key is to look beyond energy saving measures,taking a big picture approach that seeks to transform the entire value chain,even if its done in small steps.Progress is easier too with digital tech-it helps create more innovative products,tap into new markets,reduce faults a

6、nd costs.The survey shows manufacturers are well aware of this-the majority expect digital tech to play a serious role in increasing productivity,and are conscious workforces need to be trained to harness the tech.Despite this awareness,the survey also shows only 12.5%are making digital tech central