Manufacturing in United Kingdom
-
UNITED KINGDOM, 2015/06/08
British manufacturers are stepping up their investments in the profitable next-sales service market as they hunt for new sources of revenue streams to help against downturns.
From Rolls-Royce and Weir to Rotork and IMI, companies across the UK are pushing to supply customers with services inclunding products.
About 35 % of UK manufacturers, with additional than 100 employees, derived price from services related to products in 2013, compared with 24 % in 2007, according to research by Cambridge Service Alliance (CSA) at the University of Cambridge.
“Manufacturing firms globally are ‘servitising’ — adding services and solutions to their product offerings. They are doing so for a variety of reasons — economic, strategic and environmental,” says Andy Neely, director of the CSA.
-
UNITED KINGDOM, 2013/04/02
The continuing downturn in the U.K. manufacturing sector have reignited fears of a triple-dip recession amid lackluster request from both domestic and foreign markets. Further, mortgage approvals declined again in February, reflecting no credible support from the Funding for Lending Scheme to the housing market.
