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http://www.telegraph.co.uk/finance/jobs/10671738/Why-are-UK-firms-bringing-manufacturing-back-home.html
The ebb and flow of global economic tides is increasingly turning in favour of the UK with a growing number of our manufacturing businesses bringing back work to British shores.
A major new report released today from manufacturers’ association EEF found that one in six companies has “reshored” production in the past three years, up from one in seven when a similar study was carried out in 2009.
Having once looked to cut costs by moving production to low-cost emerging nations, more and more businesses are heeding Prime Minister David Cameron’s call in his World Economic Forum speech to come home as these countries’ economies mature and labour costs rise, according to the report Backing Britain – a manufacturing base for the future. But cost isn’t the only reason. Other factors include capitalising on Britain’s reputation for excellence, the ability to create shorter, more responsive supply chains and ease of communication with customers.
GEE, YA THINK? MAYBE SOMEONE OUGHT TO TELL GE AND OTHERS....
The ebb and flow of global economic tides is increasingly turning in favour of the UK with a growing number of our manufacturing businesses bringing back work to British shores.
A major new report released today from manufacturers’ association EEF found that one in six companies has “reshored” production in the past three years, up from one in seven when a similar study was carried out in 2009.
Having once looked to cut costs by moving production to low-cost emerging nations, more and more businesses are heeding Prime Minister David Cameron’s call in his World Economic Forum speech to come home as these countries’ economies mature and labour costs rise, according to the report Backing Britain – a manufacturing base for the future. But cost isn’t the only reason. Other factors include capitalising on Britain’s reputation for excellence, the ability to create shorter, more responsive supply chains and ease of communication with customers.
GEE, YA THINK? MAYBE SOMEONE OUGHT TO TELL GE AND OTHERS....
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