in this country remains a success story. It employs 3.5 million highly
skilled people; accounts for the majority of the UK’s research and
development spending and just under 60 per cent of UK exports; and is a
world leader in many sectors such as aerospace and pharmaceuticals.
The Challenge Ahead
However, manufacturing is subject to massive change on a global
scale. New technology, growing environmental and legislative demands
and competition from increasingly skilled, low cost competitors are
major forces of change. To be successful, manufacturers will have to
remain constantly innovative and pursue excellence in their chosen
field. To stay in business, they will have to invest continually in
technology and in their people and be prepared to challenge
conventional thinking in everything from their working practices to how
and where they manufacture.