Page 22 - Industrial Technology EXTRA 15th March 2021

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BREXIT BRIEFING

Brexit Briefing is a special edition of Industrial Technology EXTRA – our interactive electronic
supplement to the printed edition of Industrial Technology. Brexit Briefing brings you right up to date
with all of the changes that arise from the UK withdrawing from the EU, covering the details of the
trade agreement that will impact on UK manufacturers, and identifying areas where UK companies
can steal a march on their competitors. It also provides essential business information to help
companies plan and strategies for the year ahead.

Contents include: WINTER 2021
l Unravelling the rules of origin for manufacturers Industrial EXTRA!
l Workplace predictions for 2021 Technology
l Reshaping post-Brexit Britain
l Are you in the dark about your energy usage? BREXIT BRIEF
l Report uncovers losses in so-called 'hidden factories'
l Post-Brexit compliance for CE-marked products
l Making savings to secure the future ORIGIN OF GOODS
ORIGIN OF GOODS
l Hidden supply chain costs damage profitability IS KEY CHALLENGE
IS KEY CHALLENGE
l Economic predictions for 2021 TO OVERCOME
TO OVERCOME
l And much more

Optimised for viewing on screen, the publication
can be downloaded in PDF format, on our Flipbook
library, and is available via the Industrial POST-BREXIT
Technology app. You can download the Industrial COMPLIANCE
Technology app both for iPad and Android FOR CE-MARKED
devices. PRODUCTS

More information:
https://www.industrialtechnology.co.uk THE TOP 10 SECTORS
FOR PERFORMANCE GLOBAL
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BREXIT BRIEFING BREXIT BRIEFING BREXIT BRIEFING
good being exported back to the EU. All Every organisation can make Time running out for decarbonisation
could imported from the EU, incorporated
operations carried out in the UK or EU are
into a UK manufactured vehicle and then
Processing must be more than the
company manufacturing fruit smoothies, the
BREXIT BRIEFING Let’s look at some examples. If you’re a UK cumulation agreement, the battery packs taken into account when determining origin. the Insufficient BREXIT BRIEFING savings to secure their future Siemens has published advice for businesses on steps they can take to decarbonise
BREXIT BRIEFING
Decarbonisation is a clear global target and
commodity code is 2009. The origin rule is
listed
in
exported back into the EU.
processes
Unravelling the rules of change first four digits. If you’re importing a Evidence of origin is different to other UK Processing Article (Article ORIG.7). EXAMPLE 4: AUTOMOTIVE PRODUCTION affecting the rule of origin. production records, supported by a BREXIT BRIEFING Big data dissatisfaction is BREXIT
Change of Tariff Heading (CTH) – ie it has to
smoothie and just adding some sugar or Evidence of origin
act. If they don’t, they risk exposing
EXAMPLE 3: FOOD AND BEVERAGE
themselves to potential risks from policy-
driven increased operating costs, increased
l A diesel engine manufactured in the UK
adding a little bit more fruit, then it wouldn’t
origin for manufacturers qualify for a change of tariff heading. But if involved, efforts have been made to make in the UK Similarly, in agri-food goods where you have supplier’s declaration if required. If we look WORKPLACE PREDICTIONS FOR 2021 COVID CASES IN EMERGING MARKEKTS (TO NOV 2020) driv
l A tin of chopped tomatoes processed
sourced from outside the UK or EU without
trade deals. Because of the volume of goods
GLOBAL OUTLOOK 2021
this as simple as possible. There will be no
you’re sourcing all the raw fruits, they would
requirement for an EUR1 Preference
2. Life sciences
fall under Chapter 8, and they are going to
got parts and components that are less than
costs. In addition, decarbonisation is not just
at a 50% MaxNOM rule, for instance, if you’ve
have a significant opportunity to reduce costs
3. Industrial engineering
50% and the rest of the value is made up of
Paris Agreement: with the right approach,
be wholly produced, if you still have to
Certificate to be issued for movement of
GLOBAL OUTLOOK 2021
a rule of origin that means the goods have to
be sufficiently processed, and the finished
an objective imposed by policies such as the
it
source some of that product from outside the
The agreement of a trade deal between the UK and EU will have come as an enormous In this example, you could import fruit from different types of evidence – invoice u HS code: 2002.90 UK or EU, provided that its less than 15% by declaration. It’s only where you’re exceeding impact
product would be classified as 2009.
organisation and govern-
As organisations look to position themselves
4. Energy and utilities
trade agreement allows the use of two
After enduring its deepest recession in 74 years in 2020, the global economy is expected
goods between the UK and EU. Instead, the
The Workforce Institute at UKG released its annual predictions of the top trends that will
also
profit, labour, manufacturing costs, then
creates
tangible
processes,
relief to manufacturers, but the new rules of origin represent somethng of a maze. Here,
Growth is forecast for the UK,
for the future following the Covid-19 crisis,
you’re not really going to need a supplier’s

to rebound in 2021, according to the annual Top-10 Economic Predictions by IHS Markit
ance,
declaration or importer’s knowledge.
the EU under bilateral cumulation, and they
ANDREW THURSTON, customs duty consultant at MHA Macintyre Hudson, navigates us
6. IT and telecommunications
1
2020’s legacy will be one of immense
Demand for low-latency real-time insights is seeing increased demand for Edge
imperative to drive true engagement – one
innovation and transformation consultancy,
A successful, widespread Covid
the 50% that you would need a supplier’s
weight of the final product, that will not affect
the rule of origin.

FIND NEW WAYS
methodologies. Falling short

With the invoice declaration, a statement of
TO INNOVATE IN
vaccination program is expected
complex compliance landscape: Labour
more immediate concern, monetary easing
declaration to evidence that.
comes the opportunity to refocus and

in even one area can limit an
disruption, but following disruption always
that not only defines and differentiates an
In emerging markets, where inflation is a
shows that leaders across sectors have an
7. Defence and aerospace
there is a change of tariff heading. The
These include increased brand reputation,
could be included in the UK origin because
reinvent. So said Dr. Chris Mullen, executive
EXAMPLE 5: FOOD AND BEVERAGE
success on a sustained
costs in their organisation.
organisation’s employee experience, but
untapped opportunity to significantly reduce
attractiveness to investors. Industry leaders
smoothie can then be exported to the EU
through the detail of these complex rules that manufacturers will need to understand
organisation’s
There are some exceptions to manufactured
customer preference over competitors and
laws, workplace rules, migration policies,
2021, with greater downside risks.
to enable a transition to post-
minimum wage, and Covid-19-related
but below the global average
Frost & Sullivan’s recent analysis, Growth
origin is included by the exporter. On the
rare in 2021.
have paved the way; Now it’s time for other

classed as a UK originating product. The
materials of Chapter 7 used are wholly
Opportunities in the Global Edge Analytics
rapid deployment of effective vaccines and
THE FACE OF THE
goods. Textile and clothing products
8

also unlocks an ability to embrace
Europe’s 2021 annual growth
uncertainty. Trust will also extend to
director of The Workforce Institute at UKG.
basis
classified under HS50-63 are subject to
regulations will keep evolving.
l A mixture of drive fruit and nuts produced

8. Financial services
declaration, the UK exporter needs to state
u Origin rule: Production in which all
rates are expected fall short of
unleash a new wave of spending on travel 5
unimaginable just a year ago, our 2020
u HS code: 8408
content (under Chapter 17): any non-
require registration for REX (Registered
u Product: Diesel engine
regulations to be put forth to do what is right
Exporter status). There is currently no
PA’s research identified that
related
Morgan Stanley projects strong global GDP growth of 6.4% for 2021 – led first by
and
10. Government and public sector
detailed in Notes 7 and 8 of Annex ORIG-1.
should avoid major crises next

Dissatisfaction with Big Data Analytics (BDA)

globe and as organisations grapple with the
obtained
challenges of the Covid-19 crisis, the
and services, driving robust growth in the
predictions – anchored by themes of
EU has introduced new rules for exporters of only potential issue would be the sugar their EORI number, while EU exporters l Rule requires tomatoes to be produced in specific tolerance thresholds, when are in the UK “While the Covid-19 pandemic was customers and communities. Orga
originating sugar content cannot exceed
expectations: The Covid-19 virus’
Technical advancements such as digital
The trade agreement between the UK and
is increasing the uptake of edge analytics
Tolerances are an important tool for rules of
sectors are strategy (a
wellness, advocacy, and empowerment –
of
for their workforces. By exceeding the
process
later part of 2021,” said Sara Johnson,
removing
solutions and decentralised energy systems
baselines
now seem serendipitous.
u Origin rule: MaxNOM 50%
the UK
The international outlook for R&D is
monetary
40%. If you’re importing large quantities of
year: In advanced economies,
monetary limit.
created
support the unique needs of their entire
Organisations will explore new avenues to
goods, with a requirement to retain
satisfactory evidence of origin. This is sugar from outside the EU, if 40% by weight The second option is importers knowledge. l However, with cumulation, a UK producer origin, because where in some instances it workforce, mitigate the effects of burnout, organisations can free themselves from governments
recent
of the smoothing contains non-originating
by
emerging markets, followed by reopening economies in the U.S. and Europe – in a

(parts)
l Maximum 50% non-originating content
analysis,
important. PA’s research, which is based on
into chopped tomatoes
when it is established as an every-day activity
decarbonisation strategies, Siemens has
and best position themselves as a
macro outlook that diverges from the consensus. But the UK is some way behind
sustainably) and methodologies (methods
who manufacture goods or send goods sugar, then it would not qualify. The this allows an importer to claim a can import EU tomatoes and process them might not look as though you will meet the “Organisations and their people are now destination for talent. Those that do will give chasing a c
typical way in which businesses can even
business failures and unemployment is
l Use smart load controls that utilise digital
global economy is expected to expand 4.5%
something that’s additional that companies
preferential duty rate based on their own
across the border will need to have in place, knowledge about the originating status of l The finished product can be re-exported tolerances might be enough to sway the showing incredible resiliency and creativity, trust to employees instead of making them they can focus squarely on creating finely Innov
Ayming’s second annual International
be counted as originating
l However, with cumulation, EU content can
doing things they once thought impossible,
rules of origin, being able to factor in
forecast analysis by region and industry
which they might not have the facility to do EXAMPLE 2: AUTOMOTIVE PRODUCTION imported products. This might apply if you’re back to the EU as a UK originating product product to classify as being of UK origin. u HS code: 0813.50 presenting a small silver lining to a year we’d earn it. They will transfo

l If less than 50% of the ex-works price is of
economic rebound takes hold. However,
an opportunity to optimise costs and create
deemed to be among the most relevant to
engaged workforces that have an advantage
Rising Covid-19 case numbers in the US and
at the moment. l Hybrid motor vehicle manufactured shipping under DDP terms: you’re the as UK origin non-UK or EU materials then it will qualify Let’s consider the production in the UK of u Origin rule: Production in which i) all the otherwise wish to forget. As we look ahead assume good intentions
commercialisation of the excess energy.
policy to imagine what’s possible when you

significant energy savings, while modern

in the UK
neutrality. These are grouped into three
response to a drop in profitability. The better
rates from mid-year. Eurozone real GDP is
presented with the opportunity to take the

The agreement allows for both UK and EU would have knowledge of how that product Let’s consider a tin of chopped tomatoes, mixed fruit and nuts, with an HS code of obtained, and ii) the total weight of non- at 2021, workplaces everywhere will be more because employees will enjoy an a return t
materials of Capter 8 used are wholly
importer, you’re claiming the preference, you
funding
heavily invested in local sovereign debt.
the EU as a UK originating product
drags on, the global economy has proven
goods to be counted as inputs from the other was built up for the rule of origin, so you where the raw tomatoes are processed in the 0813.50. The rule requires the nuts and fruit originating materials of headings 17.01 lessons learned from the last year to business. elevated experience as a stakeholde
As part of this, organisations should consider
Demand for machine intelligence (MI) and

l The finished product can be exported to
Finished goods prices are
especially when combined with smart

and 17.02 does not exceed 20% of the
widely across regions: Mainland China
future.”
several key obstacles. Not only has

to be grown in the UK, but with the tolerance
party when assessing the origin of goods.
Full bilateral cumulation will be applied, as could use importers knowledge rather than UK. In this instance we have to look at the 6- rule you can have 15% of the weight made weight of the product reimagine a better world of work for the engagement strategy, identifying work DEVELOPED MARKETS
decline in early 2020, the world economy
remarkably resilient. Following a steep
agreement with a renewable energy
rode a rebound that began in May and
being production in which all of the materials
accelerate to its strongest
Increases in commodity prices in
Let’s now consider the manufacture of a
was expected as part of the trade deal. So the statement of origin. digit tariff code, 2002.90, with the origin rule up of non-originating fruit. So you can bring l Rule requires the nuts and fruit to be 1 The Great Reset: Work will be 3 Compassionate and inclusive processes that will empower emp
increases to decline 12%, but complexity
forecast to take until 2023 or 2024 in Japan
from Germany, to be incorporated into a UK responsibility on both parties to provide Under cumulation, any EU content can be the weight the finished product would still l The tolerance rule permits the use of non- organisations (re)shaped in real time as and emotional safety, mental wellness, 5
and several major European economies.
Euro Area -7.2 5.0 5.2 3.9
nearly five-fold growth, garnering a revenue
remains on track to surpass prepandemic
software market is estimated to witness
where goods are purchased, for instance,
creating a flat organisational structure. A
in nuts and fruit from outside the UK or EU,

management that puts employ-
As part of the trade deal there is
empowering people to make decisions and
strategic.
grown in the UK
for the energy consumed.
l Assign responsibility to an energy
l Deploying energy storage on its own is
used are wholly obtained.
diesel engine with the HS code of 8408.
the needs of the business.
control of their own destiny while still meeting
to any energy savings that are a result of
l Review production processes. This refers
GDP levels by the end of this year – setting

finished product, provided there is sufficient
devices (IADs), and multiplexers to sift
become a leadership mainstay. Physical
ees’ lives ahead of work will
the rebound is expected to wane: The
and provided it makes up less than 15% of
leading to higher prices for finished goods.
processing carried out, these can be u HS codes: 8702 to 8704 mutual assistance to monitor the evidence Bilateral cumulation means the tomatoes meet the rule of origin. l Total weight of the non-originating fruit or pandemic-era practices stay and go. We’re which burnout, depression, isolatio
decide
originating ingredients
example
innovate
from all over the world can be incorporated
for
successfully,
don’t have to be sourced in the UK, they can

especially practical AI and
counted as originating, but in addition parts
identify potential cost savings.
EMERGING MARKETS -2.0 7.4 6.3 4.7
on the verge of the Great Reset. The
temperature of steam in a process without
u Origin rule: MaxNOM 45% (EXW) and
implemented.
into the engine, and as long as that is less Evidence of origin
be brought in from the EU, processed
collaboration is proving challenging.
l Align energy KPIs with business KPIs to
market vendors include Swim.ai and
Automation and FogHorn Systems. Other
device, reduces latency, eliminates the need
asset, which they can leverage to create a
nuts cannot exceed 15% of the net weight
optimisation asset (for example optimising
patterns are expected to shift back toward

In its 2021 outlook, the economics team at
automation, will be higher than
included as inputs for determining the origin
Chinese economy expand 7.5% in 2021, its
power flow of on-site generation).
for origin purposes.
various functions in an organisation and to
of the goods for UK purposes. They can then battery packs of heading 85.07 of a kind Bilaterial cumulation sufficiently to change the tariff heading, and Evidence of origin is different for wholly of the finished product circumstances of 2020 brought out the everyone. While businesses have done more e
joblessness as public funding of furlough
Western Europe is expected see a rise in
Morgan Stanley Research says the V-shaped
recovery that the team forecast in its 2020
than 50% of the ex-works price, the engine
and political turmoil have weighed heavily on

then exported to the EU as a finished product
data privacy, provides real-time actionable
be re-exported back into Europe as UK-
rebound, the economy is forecast to return

worldwide, as many businesses did things
personal and social lives. This will put even
originating goods. used as the primary source of electrical Under the UK/EU trade agreement, bilateral will qualify as a product of UK origin. produced goods and sufficiently transformed creativity and resiliency of workplaces than ever before to protect workers, their technologies that have re
customer satisfaction, and even industry
midyear outlook is now entering a new self-
power for propulsion of the vehicle must
goods industries could see conditions soften
cumulation has been accepted. This covers,
reduction, this can be further enhanced by
may
be originating for example, UK origin parts being exported of UK origin. Tolerances goods. For wholly produced goods, there But care must be taken because this is they once thought impossible. With months run more deeply each month. more pressure on organisations to deliver a Brazil
methods
emissions from the generation of purchased
SiSense and NVIDIA are still piloting edge
families, and the broader community, cracks
A shift in focus of investors and
sustaining phase and is on track to deliver
stalled economic reforms.
to the EU for processing, and EU finished
matches
innovation, selected by 39% of survey
Determining origin
needs to be a statement of where the goods
6.4% GDP growth in the coming year.
To determine origin, you first need to know l Rule requires a maximum of 45% (by product incorporating that UK origin being One of things to consider in the rules of have been grown or reared. For fish, the something that HMRC will look at and will try of data to analyse the impact of actions, over
their
make
organisations
maintain rule of origin even when some parts
to work out which parts are of UK origin and
the first six digits of the tariff heading of the value) of non-originating materials to be shipped back to the UK. In that case, the origin is tolerances, which can be used to vessel used has to be registered in the which are not. If you’ve not got a supplier’s the next year we’ll watch in real ti

employees’
used and battery packs must be originating
consumer
The stage could be set for another such sync
analysis this year. Additionally, IBM,
you need to refer to the customs tariff. l Cumulation allows EU originating goods to finished product would be specified as being have to be sourced from outside of the UK or flag or an EU member state. declaration and you need to have one, then deliberate decisions about policies, led by compas
particular product. If you don’t know that,
response to the Fed’s sharp pivot
continue next year: “We expect to see
the consensus, which forecasts 5.4% global
involves power generation with low-carbon
beneficiary country and has to sail under its
l Support customers to decarbonise,
management that emphasises empathy,

holistic solution provided by microgrids. This
support, with use of external private
surveyed by Frost & Sullivan claimed that
solutions and provide insights in real-time,
Against this macro outlook, Morgan Stanley

Although in most cases it is only four digits be imported for the use in the UK of EU origin, and there would be no duty EU. For example, where we are looking at it’s something you need to put in place. processes, and practices. wellness, and belonging. An intentional While many organisations ha
because the original export into the EU
have a bigger impact on private-sector risk
There is a transitional period at the moment
investigating and utilising data is a top
from winter lockdowns, developed markets
years’ worth of digital transformation in mere
appetite and, hence, global growth,” says
community in creating edge analytics
stimulus bill is implemented soon, and a
business priority. Cost reduction is cited as
that are needed, there are circumstances calculation if used in or assembled onto would have a statement of origin as well, transformed rules, up to 10% by value can be With sufficient transformation, evidence whereby, if you’re using existing suppliers, They will move beyond reacting and begin to
manufactured goods under the sufficiently
5.4%
widening trade deficit is expected to drive
attitude to cost optimisation will help
faced numerous cyclical challenges in recent
result in foundational solutions built on
Decarbonising heat is one of the biggest
collaborate to push the technology forward

goal of these steps is to save energy, which
toward
Chetan Ahya, Morgan Stanley’s chief
economist. “We maintain that consumers
to determine the rule of origin. There are some exceptions where the rules EXAMPLE 1: FOOD AND BEVERAGE In our second example, let’s look at the stating that they are UK origin parts. would include the bill of materials or you don’t necessarily need to have the refocus and reinvent. Which
the finished vehicle
where you’ll need to go to the 6-digit heading
a strategic priority by 78% of business
renewable energy from key governments
program is well underway by summer, full
Johnson. “Meanwhile, policy support for
year real GDP growth is expected to exceed
diversity, equity, and fairness. Returning to
have driven the recovery, and investment

UK using fresh fruit from around
promises that may never come will be
l Fruit smoothie produced in the
strategy will depend on a clear vision and

of origin set a maximum limit on the value of
years. Now, with more favorable Covid-19
challenges that the energy industry is facing
supplier’s declaration from day one, but it is
organisations emerge stronger and ready for
refined? Which “old ways” of work will come
across industry verticals and locations.
innovation ecosystem with smaller ones.
This allows the reduction in any customs

Nonetheless, every recession leaves its mark
whereby big companies create an
leaders, while 72% are willing to invest in
will be translated into carbon savings and
sectors of the global economy to be joining
policies will stay and go? Which will be
growth – a reflection of the private corporate Global growth in sync

the efficiency of the supply (for example with
automation use cases that have an
optimisation
tariff headings allow a qualifying process to
technologies that could reduce spending.”

There are two conditions that determine non-originating materials, or where some u HS code: 2009 the world, seasonally sourced manufacture of an electric or hybrid motor duties crossing borders where there are EU something HMRC will be looking at going back? The answers may take years to
origin, and it depends on the type of goods:
doesn’t
Vinny added: “By 2025, the North America
forward.
strong commitment from the business,”
be carried out, even though some or all of
organisations during uncertain times. It
and UK products.
equipment. This is one of the most standard
though expected US dollar weakness and
solidify, which illustrates the true future of
operations.

Lastly, an influx of new Gen X CEOs and
against substantial further euro appreciation,
immediate impact on their people and
vehicle, covered by HS codes 8702 to 8704.
Energy Solutions. “Well-defined targets,
demand and prices.”

sector's risk tolerance and a key feature of
a CHP system), electrification of heat (low or
The US economy, for its part, has stayed
United States, will be a key adopter of edge
Edge analytics solutions utilise devices such
energy transition and restrain hydrocarbon
The funding landscape has also
any self-sustaining recovery – is bouncing
emerging markets could set the pace for
taking hold, especially in the US,” says Ahya,
cannot deliver on all future use cases;
wholly produced or sufficiently transformed.
inflation, we see a very different dynamic
global growth. Ahya says: “Trade-dependent

the second half of 2021.
fact, a synchronous global recovery, where
maximum amounts of non-originating
growth in both developed and emerging
Wholly produced goods are those which are the parts have not changed tariff heading. u Origin rule: CTH, provided that the total Here we must not exceed specified Full bilateral cumulation allows an exporter I expect that there will be quite a lot of activity uncertainty. work will be steeped in the
back as well.”
as routers, sensors, integrated access

levels, while average personal incomes of
East, and Africa (EMEA) region is the
the total market revenue. Europe, Middle

spending has nearly returned to pre-Covid
presents an opportunity to rejuvenate an
product insight and unleash innovation. It
both to use originating materials and
already well into their recoveries, while in the
embraced this concept.
material. So where you’ve got an ex-works
in terms of mutual assistance to get things
clear way up to the C-level for all aspects
up and running and to get everything
(for example moving from natural to “green”
application) or decarbonising the fuel source
from a basic upgrade to LED lighting to a
applications remain overcomplicated – a
Certain processes are said to be minimal and

facility. The interventions can be anything
represent upside euro risk. The Japanese
$900 billion would be expected to raise full
member state of the EU. The term thus therefore cannot be used as sufficient exceed 40% of the weight of the product price of, say, £100, provided less that £45 of products, and to carry out processing or evidenced properly. So you could find that For this Great Reset, the triumvirate of the
Monetary policies should remain

grown or dug up from the ground in a
their
headings 17.01 and 17.02 used does not
diverse
happened only a dozen times over the past
are key. Heightening the responsibility in a
and thought – to executive suites. More
weight of non-originating materials of
than
large, arguably more domestic demand-
exports and relatively low inflation. The
applies mainly to products which occur
Three key factors will characterise the next

resources. SMEs often cannot finance
stage of the V-shaped recovery, says Ahya:
that protect their people and their bottom line
means that even if a EU intermediate product
year. However, without additional fiscal
will help gauge sentiment and accelerate
levels in September, even after the first round
originating material, then it would qualify.
naturally and to goods made entirely from production. These include: l Rule requires all non-originating raw that ex-works price is made up of non- production on non-originating materials. It your company is visited by HMRC in the CEO, CFO, and CHRO developing policies heralds of cultural change.
MS FORECASTS GLOBAL SYNCHRONOUS RECOVERY
the products remain in good condition
industry verticals, the manufacturing sector
medium term, to check origin and to check
those products. l Preserving operations to make sure that materials to change tariff heading is not itself deemed as originating from the you’re doing things correctly. while moving the business forward will gain 4 (and their employees) will pay closer atten- suggest a sustainable US recovery, with
markets, ie generate excess electricity that
a building’s HVAC system.
content must not exceed 40% of the weight

pandemic,

Products outside of these food and during transport and storage l However, any non-originating sugar With this particular rule of origin, it adds in in that product when using the input in a final a competitive edge. Outside forces – including the and tion to current and prospective technolog
economy,
EU, UK firms can count the EU value-added
to do whatever it takes to create jobs and
demanding significant value from systems

agricultural sectors are classified under l Breaking up and assembly of packages l If the above is met, then the finished that the battery packs have to be of 7 One is a single declaration that covers one 2 Trust will become a foundational regulatory change – will push while ensuring they measurab

originating nature. But with the bilateral
There are two types of supplier’s declaration.
leading contributor to edge analytics
oxide, oil, paint or other coverings

momentum to continue into next year. At the
businesses to the brink. In addition to
sufficient transformation of the raw materials l Washing, cleaning, removal of dust, product is a UK originating product INDUSTRIAL TECHNOLOGY EXTRA – WINTER 2021 consignment – eg an annual consignment imperative for successful organ- uncertainty created by the pandemic, performance, productivity, and the
sufficient production). There has to be some
To capitalise on the immense growth
inflation. “These reflationary policies will also
to qualify, with the finished product classified l Simple paining and polishing operations from a particular supplier. The other is a long- isations. While some organi- businesses face the absolute certainty that employee experience. Technologies that do new infection rates climbed, growth is incentives
United States and EMEA.

of economic change is rapid, and
under a different 4-digit tariff heading. to 12 months (which can be back dated). between employees and business leaders in labour regulations will undergo a seismic as cloud-native solutions make it easier than expected to resume as economies reopen. Covid-19 has added fuel to the fire. And, low US real in
sations faced high-profile internal strife
impacts investment in autonomous robots
not will find themselves with a short lifespan
The economics team forecasts 5% GDP
term declaration which covers a period of up
accommodative
especially for emerging markets, because of
and
(mainly solar), green buildings are driving
administration in the US and Brexit
use case in the manufacturing sector.
energy production. The EMEA region is the
to make needed adjustments to optimise
for emerging markets in 2021, led by a
through
has yet to fully reveal itself, companies
consensus estimate. The team’s 2022
6 WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA 8 This is the back-up information that you will 2020, those with cultures built on trust and shift buoyed by a new presidential ever to change vendors. Technologies must growth in 2021, which is slightly below the while the impact of the pandemic on R&D market p
balance,” Ahya says. The economics team
negotiations between the UK and European
make the next leap to help executive
more broadly viewed as a foundational
need should HRMC decide to audit.
mutual respect thrived. In 2021, trust will be
materials and goods on the factory floor is
Indonesia,
Singapore,
Union. This will create an even more
innovate
WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA
outlook for the euro zone, however, pegs downturns. Fortunately, this report reveals forecast 9.8% improvement in India. believes that this change in regime will in turn Malaysia. forecast period. expected to grow substantially over the
leadership, HR, and people managers
enhance their employees’ lives.
must
WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA
GDP growth at 3.9%, versus a consensus
are discovering new ways both to fund
their innovation and make it more
impose Covid-19 closures – has quickly
the scene for a reflationary impulse for the
support, the initial rebound should turn into
INDUSTRIAL TECHNOLOGY EXTRA – WINTER 2021 9 estimate of 2.8%. “With ongoing policy that businesses and governments alike Meanwhile, China – which was the first to drive US dollar weakness and ultimately set INDUSTRIAL TECHNOLOGY EXTRA – WINTER 2021 29
exception is the UK, where Brexit could slow productive.” regained ground, as consumption roars rest of the world. 15
a robust recovery,” says Ahya. One notable
the pace of recovery. INDUSTRIAL TECHNOLOGY EXTRA – WINTER 2021
WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA
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