CBI report calls for stronger UK supply chains

CBIcridland300The UK must grasp its once in a generation opportunity to get industrial strategy right, says CBI Director-General John Cridland (pictured) on the back of a new CBI report called ‘Raising the Bar’.

The report calls for a renewed focus on delivery by improving the competitiveness of the UK’s business environment and strengthening supply chains.

Cridland says, the gathering momentum of recovery must not distract from tackling “profound economic imbalances which built up during the boom years”, with the UK being “at a commercial tipping point”.

Action needed to be taken to further improve UK competitiveness, strengthening supply chains and “raising the bar on implementation by both business and government”.

The new CBI research revealed that:

* 51% of businesses surveyed are confident UK business conditions will improve in the next five years while 48% are not confident

* The UK trails behind its competitors, performing relatively poorly on infrastructure, access to finance, education and skills, regulation, and percentage of GDP spent on research and development

* 60% of businesses surveyed are still unclear about what the UK’s industrial strategy is hoping to achieve

* 63% of businesses surveyed think government funding and policy doesn’t strategically support the UK’s competitive advantages.

The CBI is calling for:

* Improved understanding of supply chains in key sectors through for example supply chain mapping

* Increased awareness of initiatives to support supply chains such as the Advanced Manufacturing Supply Chain Initiative. The Government should commit to and expand this initiative beyond the next round, into the next Parliament

* Action to incentivise supply chain collaboration, encouraging large companies to work with their suppliers on access to finance, skills and exporting, as well as collaboration between suppliers.

The report highlights aerospace, automotive,  offshore wind and nuclear energy as key sectors where action to strengthen supply chains could deliver long-term growth opportunities.

This material is protected by copyright Ken Hurst 2013.


About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
This entry was posted in Government/statistics, Manufacturing management, Supply chain and tagged . Bookmark the permalink.

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