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COVID-19: UK industry focus - Where next for industrial manufacturing?
Industrial manufacturing has responded to the immediate challenge of keeping open the supply of Vital goods and services. The sector as a whole employees 2.5 million people across the UK, relies on global supply chains and faces the challenge of adapting facilities and processes to new working restrictions and varying customer demand
Not only is the impact of COVID-19 strongly felt, so too are the measures taken to mitigate its spread – restricted trade routes, limited travel, and social distancing measures.
But despite the challenges of the current situation, industrial manufacturing has a rare opportunity to adapt, reshape and reinvent. This is a once-in-a-generation moment to consider how to do things differently.
“The COVID-19 crisis is forcing industrial manufacturing companies to take stock – literally and figuratively. Now is the time to review pricing policy and decide which products to prioritise when ramp-up begins.”
How we can help
This insight is brought to you using the capability of Strategy&, PwC’s global strategy house, alongside our PwC industry experts. Together, we transform organisations by developing actionable strategies that deliver results.
We are uniquely placed to combine strategy with technical, industry and execution expertise. We embed our strategy capabilities with expert teams across our PwC network, to show you where you need to go, the choices you’ll need to make to get there, and how to get it right.
The result is an authentic strategy process powerful enough to capture possibility, while pragmatic enough to ensure effective delivery. It’s the strategy that turns vision into reality. It’s strategy, made real.
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Global Corporate Finance Industrials Leader, PwC United Kingdom
Tel: +44 (0)7966 297427
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