2017 and Ahead.
As we reach the final quarter in 2017, and with Article 50 triggered, there is to a large extent an unknown future within the manufacturing industry. In Q3 2017, we saw the PMI reading was the second highest for more than three years, yet there is still concern moving forward. Shannon Murphy, assistant head of risk underwriting at Euler Hermes, says firms needs clarity – (The Guardian Oct 2017.)
“Manufacturers across a range of sectors, particularly steel and oil and gas, are cashing in on sterling’s fall in the last year while the UK continues to reap the benefits of the Single Market. However, businesses are not committing to long term investments and the flip side of the weaker pound is that increased input costs are weighing down on margins. The promise of a transition deal has provided reassurance, but manufacturers are calling for negotiations to progress quickly on trade and EU workers’ rights to settle the nerves on the availability of qualified overseas employees and new investment.”
Here at Brightwork. our manufacturing sector has seen excellent growth throughout 2017 with markets such as Food & Drink Manufacturing continuing to be key areas with many of our team enjoying good relationships and securing some fantastic placements for our candidates. Sectors such as General Manufacturing, Pharmaceutical and Medical Devices have also grown considerably and dialogue with a range of our clients indicate they are moving ahead with both investment and expansion plans next year and beyond.
2018 promises to be a challenging yet rewarding year within Manufacturing and Brightwork will continue to partner our clients and candidates to ensure we can meet both their growth and career goals.
Within our BWSR team we supply a diverse range of staff across the Manufacturing, Engineering, Technical, Production, Scientific, Executive, Operations, Supply Chain, Procurement, Logistics and Distribution markets. If you want a confidential discussion about your staffing needs, personal career goals or anything else, call Tommy on 0141 272 8111.
-Tommy White, Manufacturing Consultant