The UK has been a manufacturing powerhouse for nearly 200 years: the birthplace of the Industrial Revolution and a key player in defining some of the world’s most recognisable technologies. Most people, when prompted, could name several world-famous large UK manufacturers who have built their reputation on quality and service: Rolls Royce, BAE Systems, Jaguar Land Rover, and Bristan, to name a few.

The pressure on global supply chains has been well-documented during the last three years, particularly as the Covid-19 pandemic took hold. But as the world begins to ease restrictions and normal life returns, businesses and consumers alike have observed how prices continue to be on the rise, driving up inflation and increasing the cost of living.

Both deep hole boring and deep hole drilling are specialised areas of precision engineering. Consequently, for buyers considering outsourcing these skills, achieving a realistic price that balances cost and quality is often challenging.

The UK’s manufacturing industry is deeply rooted in the nation’s history, yet recent times have witnessed the emergence of a skills crisis that is threatening the future of the industry. Between 2008 and 2018, nearly 500,000 manufacturing jobs were lost(1), while estimates suggest that 1.8 million new engineers are needed by 2025 in order to meet the country’s future needs(2).

As the manufacturing sector rebounds from the pandemic, how can businesses adapt to overcome the lingering challenges of 2020-1 and embrace the opportunities that await?

With the country now emerging from the pandemic, manufacturing businesses are anticipating a healthier, more productive future. However, other factors, such as fallout from Brexit – have yet to fully subside, with a shortage in the supply of labour threatening to place a ceiling on recovery and growth.

So, what’s the current picture facing manufacturing SMEs in the UK?

The price of gas and oil has always been a bone of contention, particularly when global fluctuations are reflected in everyday business costs, such as the soaring price at the pump or rising energy bills.

More than any other industrial sector, manufacturing depends on efficient supply chains. Previously, raw materials were transformed into finished products on a single site; however, globalisation has increased the availability of components, helping to suppress costs and increasing the selection of bespoke goods for customers.

Shortly after Christmas 2021, the CBI warned that many UK businesses are facing up to two years of labour shortages, with the manufacturing sector particularly hard hit. It’s a situation that’s not restricted to the UK – similar problems exist in the United States and Germany, for instance – but for a country that is globally recognised as a leader in the field, with strong export sales, a skilled labour shortage in manufacturing has major implications for supply chains and the economy.

In 1771, the village of Cromford, Shropshire was propelled into the history books after Richard Arkwright chose it to host the world’s first water-driven spinning factory - a decision that would forever associate Cromford as the birthplace of the Industrial Revolution.