The impact of the global slowdown is also becoming increasingly evident in emerging economies – including the manufacturing powerhouse of the BRIC (Brazil, Russia, India, China) economies.
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Good Christmas and New Year trading was unable to counter a slow autumn, said the model-maker Hornby in a trading update today (27 January) as it warned that its annual results would be at the lower end of expectations.
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In a speech in Delhi yesterday (19 January) business secretary Lord Mandelson (pictured) spoke of the importance of manufacturing partnerships in beating what he described as “the first major economic crisis of the global age”.
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Suppliers to the automotive industry are being urged by the
government to investigate all the schemes intended to help businesses in the current economic climate.
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One of the manufacturing sector’s most reliable healthchecks published today (3 November) shows the downswing of the sector remained severe in October, as output, new orders and employment all contracted.
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London taxi manufacturer Manganese Bronze has cut production from its Coventry factory by 15% and is shedding staff as it fights off the effects of an uncertain macro economic outlook.
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There was little respite for UK manufacturers in September as worse than expected figures showed the sector suffered the worst operating conditions so far recorded in the authoritative Chartered Institute of Purchasing and Supply (CIPS) monthly survey’s 17-year history.
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Two South Yorkshire businessmen, both experienced turnaround managers, have saved Sheffield’s last volume manufacturer of cutlery, preserving a tradition that dates back a thousand years.
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New research has emerged suggesting that rising oil prices alongside wage inflation in places like China, Mexico, Malaysia and Brazil are undermining the reasons that manufacturers moved offshore.
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Six years on from the launch of its first manufacturing strategy in 2002, the government has unveiled what it describes as “a new framework for UK manufacturers”.
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An escalation of Chinese manufacturing costs is forcing model-maker Hornby to increase its prices, the company said in a trading statement today (28 July).
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British sports car maker Lotus and Dutch rival Spyker Cars have reached an agreement to share parts and platforms.
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Business is flowing fast for an Isle of Wight inventor who recently launched a world-first for fuel cans, with help to set up his supply chain from MAS.
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New research says that 4 in 5 businesses source globally, and that the benefits of global sourcing are moving beyond pure cost cutting.
Indeed, 60% of those surveyed cite ethical and environmental concerns as having significant impact on global sourcing.
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