New data, sheds further light on the current business climate as UK manufacturers say it's harder to do business now than during the pandemic, with 83% of manufacturers saying the past six months have presented significant challenges, citing interest rate increases (40%), upward pressure on wages (26%), and increasingly complex global supply chains (23%).
In reality, a whopping 90% of manufacturers engaged in the reshoring process report successful outcomes. A significant quarter of them (26%) are enjoying enhanced value and heightened security, while simultaneously witnessing a reduction in costs (24%).
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