Made In Britain: Benefits to Making British
Over the past several years there has been real wage growth in emerging economies such as China. This means that where it was once possible to reduce production costs by moving manufacturing operations to countries where labour is cheaper than here in the UK; this is no longer true today.
One study found that between 2005 and 2010, the average Chinese factory worker’s wage increased by 19% a year. This is just one of the many reasons for manufacturers reshoring production back to UK shores.
According to resent research the trend in reshoring could bring between 100,000 and 200,000 jobs back to the UK within the next decade, increasing national output by up to £12 billion.
Other benefits of reshoring are:
- Short Supply Chains
Long supply chains where manufacturing is divided across the globe, so that each component is made wherever it is cheapest, makes supply chains highly vulnerable. For example, extreme weather, natural disasters and geopolitical turbulence can halt the production of one or more of the components and bring the entire manufacturing supply chain to a halt. By having your manufacturing operations all in one place and your suppliers close, your supply chain is much less vulnerable to these disruptions, and in turn so are your manufacturing operations.
- Reduced Transportation Costs
With the cost of transporting goods rising, companies can no longer rely on the consistently cheap shipping they had previously been used to. Buy having your manufacturing operations close to your customer base, transportation costs will be minimal.
- Short Lead Times
A huge benefit stemming from shortened supply chains and low transportation costs is short lead times. You can respond to the latest trends and fashions and tailor production more closely to sales when there is only one week’s waiting time rather than four. As a result you can offer a more customized product to your customers, enabling you to stay competitive.
At Fascia Graphics® all our membrane keyboards, graphic overlays and screen printed labels are produced locally at our Chippenham based factory, sourcing materials from UK based suppliers where possible. We are proud supporters of British manufacturing, which can be seen from the fact we signed up to the Made in Britain campaign earlier last year, and our use of the Made in Britain Marque.
24 Sep 2015
Manufacturing Trend Predictions
Manufacturing is constantly changing, especially with the invention of new technology. Manufacturers have to incorporate new methods into their work to meet new demand. However, this new demand will soon give way to another in the upcoming year. We look at t...
19 Jun 2016
Product safety labels are one of the most important – and legal – documents your company will create. There are various standards which you must comply with when designing your safety labels, which is why it’s critical you get them right. Whatever equipment or products yo...
17 Jun 2015
At the end of 2014, Fascia commissioned SMARTech energy to conduct an Energy Management Survey to see how we could reduce our carbon footprint. Once the factory had been assessed, an energy plan was put in place to reduce consumption of electricity and carbon emissions by a third.
The energy plan...
08 Jun 2016
Many products designed for the security sector require parts such as membrane keypads and graphic overlays. With complicated electronic systems such as intruder alarms and CCTV, it is essential that users can access functions quickly and efficiently. With custom design features, hardwearin...