A perfect storm
Manufacturers have overcome an incredible number of political and economic challenges in recent years, and my gut tells me that most will weather the current storm too.
However, there’s a significant number of businesses that are still struggling with massively increased costs, higher stock levels than they would like and reduced demand. My concern is that there will be more business failures than we saw during the financial crisis and the pandemic.
Peter Snaith Partner and Head of Manufacturing Sector Group at Womble Bond Dickinson
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