#379 The Cost of Time: Modern British Manufacturing
Manufacturing accounts for 8% of UK GDP directly. Counting its supply chains and the spending of the people it employs, that figure rises to 23%, according to a 2024 Oxford Economics study for the Manufacturing Technologies Association (MTA). Yet the sector pays some of the highest energy costs in Europe and relies heavily on imported materials. It also struggles to recruit, held back by an image that no longer matches the modern factory floor.
At the same time, many workshops are sitting partly idle. Xometry’s 2027 Manufacturing Outlook report found that 37% of smaller manufacturers are…
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