Business In Britain Report
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A report out this week Business in Britain: Manufacturing published by Lloyds Commercial Banking states that more than a third (37%) of firms surveyed said they were planning to move manufacturing processes back to the UK that had previously been offshored to territories like Asia and eastern Europe.
The prime motive for this was to improve quality – a telling endorsement of the high standards that British manufacturers and workers uphold, which has an extremely positive implications for UK supply chains.
The main reasons to move some of their overseas manufacturing back to the UK is to improve quality, reduce costs and shorten the supply chain see page 8 on the full report.
How opportune that GTMA is launching their association network on the Reshoring platform at www.reshoring.uk
