The height of the pandemic has passed and the UK begins to resume back to the new ‘normal’ but that’s not without a few tweaks being made to the future way of working.
The beginning of the month saw the return to work for many industries as the changes and structure of business services are far from the normal we all know. This will be no different within the manufacturing industry as going forward we will begin to see how COVID19 has shaped the future of the industry.
Business owners and managers will now have to rewrite the script as they adapt to challenges and opportunities in the new manufacturing environment.
Two areas where the industry seems to have been hit the hardest is:
· Supply and demand
Both of these areas will generally feed into each other. With businesses having no demand the result of this may be that your workforce will be cut. Paired with the previous month’s low sales, impacting your business the objective is to save costs.
Manufacturing is changing and adapting over time with industry innovations. Before the global pandemic the industry was strong on employment however over the last few months it has become more subject to productivity and trade, keeping businesses alive whilst others collapse, making it more important than ever to have a competitive advantage.
Now more than ever manufacturers need to create demand for their products and not only support UK businesses but also research the global market for opportunities outside of the country.
Chancellor Rishi Sunak announces his ‘Plan for jobs’ which will benefit the industries job cuts and furloughed workers. Below outlines just some of the promises made;
Businesses paid £1,000 for every furloughed employee they bring back to work and still employed as of 31 January 2021
£111m investment in traineeships, businesses offered £1,000 for each trainee starting
£2,000 for every new apprentice under 25 hired and £1,500 for every new apprentice above 25
UK Government announces plans for a greener economy as they are set to introduce a £3bn green investment package, helping to create an estimated 140,000 jobs and a £1bn programme to help make public sector buildings greener. This also means that more companies will adapt to the new ‘greener’ economy creating more opportunities and demand for manufacturers. Just one of these industries will be aerospace, making aircrafts that cause less air pollution or net zero pollution.
Another after effect of the pandemic will be the demand for improved employee and customer safety, making it a lot safer for the employee’s in the workplace as business owners make rapid responses to the government safety measures. The safety of employees, especially in a manufacturing environment, is of high importance to business owners however has grown to become of more importance with the corporations having a higher responsibility for its employee’s health and safety.
Hardest hit Sectors
Automotive – The automotive industry is changing ever so drastically, with plants in the UK closing down causing significant job losses in the country. Not only are companies closing down but some haven’t opened their doors since March. Vauxhall’s Ellesmere factory is one of those companies and is said to be opening in August, being a long 5 months period without any work this will impact both the company and workers.
Aerospace – One of the hardest hit from the pandemic would be the aerospace industry, with passenger flights grounded around the world the need for aviation has hit the ground.
Overall a greener and sustainable economy will materialize as an effect of the global pandemic as more businesses become aware of the risks and consequences of not reacting fast, building a stronger strategy.