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Restructuring in the manufacturing sector: what does the future hold?
The biggest danger is that firms don’t continue to invest having weathered the initial storm. R&D investment and making improvements across production and operations will stand firms in better stead for future challenges and build their long-term resilience, aiding their chances of growth. Allan Kelly Restructuring Advisory
Synopsis
Britain’s manufacturing sector contributes £191 billion to the economy and supports 2.7 million jobs, making it a core pillar of the UK economy. The sector is hugely diverse, comprising a wide-ranging number of different industries, technologies and activities. And, while for manufacturers of every size in every industry, the coronavirus crisis has been a game-changer, some sub-sectors are faring better than others. Here, we explore the specific challenges the sector is facing, and the immediate and long-term priorities for businesses operating in the space.
Steven Ross Partner Restructuring Advisory Newcastle +44(0)191 814 6925 steven.ross@frpadvisory.com Allan Kelly Partner Restructuring Advisory Newcastle +44(0)191 814 6920 allan.kelly@frpadvisory.com
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