Manufacturing News – Early April 2024
Estimated reading time 2 minutes
The UK manufacturing industry showed some signs of recovery in March, with production and new orders both picking up following a prolonged period of contraction, according to the latest S&P Global UK Manufacturing PMI®.
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WMG at the University of Warwick has boosted the West Midlands economy by £450m – with every £1 invested into WMG’s small and medium enterprise (SME) programmes, around £22 has returned to the local economy. Celebrating 20 years of tailored business support, WMG has delivered manufacturing expertise to 15,000 SMEs in the Midlands. It has supported the creation of more than 13,000 jobs, 350 new businesses and 355 internships over the last two decades
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A new report from Autodesk has revealed that resilience and optimism is returning to the UK’s design and make industries is companies continue to invest in AI.
However, as businesses continue to navigate difficult trading conditions, controlling costs, attracting talent and upskilling the workforce remain key priorities.
Returning for a second year, the 2024 State of Design & Make report is a study of 5,400 global business leaders – including 589 in the UK – in industries that comprise the Design and Make category. These sectors include architecture, engineering, construction and operations (AECO), product design and manufacturing (D&M), and media and entertainment (M&E).
As businesses confront an ageing workforce, attrition and leaner teams, many have already turned to AI as a solution to increase the attractiveness of the work – and overall optimism for the technology is on the rise. According to the report, 79% of UK respondents trust AI technologies and 83% agree that AI will enhance their industry.
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