Page 4 - Industrial Technology EXTRA - Brexit Briefing

PRÉCIS...

Unravelling the rules of Workplace predictions for 2021
origin for manufacturers The Workforce Institute at UKG released its annual
predictions of the top trends that will impact the global
The trade agreement between the UK and workforce in 2021, highlighting five key opportunities in the
EU has introduced new rules for exporters workplace:
of goods, with a requirement to retain satisfactory evidence
l Work will be (re)shaped in real time as organisations
of origin. This is something that’s additional that companies
decide which pandemic-era practices stay and go
who manufacture goods or send goods across the border
l Compassionate and inclusive management that puts
will need to have in place. Key points include:
employees’ lives ahead of work will become a mainstay
l No requirement for an EUR1 Preference Certifiate l Expectations of technology, especially practical AI and
l Requirement to retain satisfactory evidence of origin automation, will be higher than ever
l No monetary limit on Invoice Declarations l Trust will become a foundational imperative
l Full Bilaterial Cumulation applied 06 l Outside forces will push businesses to the brink 09

Q3 rush to beat Brexit deadline Reshaping post-Brexit Britain
gives manufacturing a boost We have little control over the
implications of Brexit and other crises,
The latest purchasing managers index nor can we predict what the next
(PMI) survey indicated severe pressure on challenge may be. However, the
manufacturing supply chains, which was opportunity to prepare and build
overwhelmingly linked to freight delays resilience is very much in our control and
following congestion at UK ports. has the power to make or break us. By
l Third steepest rise in lead times since 1992 moving the industry from a hardware-
l Seasonally adjusted Composite Output Index back above centric to software-centric model, universal automation will
the 50.0 no-change mark usher in a new dawn for industrial automation. With
l Growth in manufacturing production challenge comes innovation and with innovation
l Stabilisation in employment numbers 10 comes new opportunity. 12

Half of companies in the Growth is forecast for the UK,
dark about energy usage but below the global average

A recent survey of 500 business owners Morgan Stanley has published its forecasts for growth
conducted by Yü Energy has revealed: through 2021, with predictions that are more optimistic than
l Introducing energy measures is the third most common the consensus, but which still paint a picture of slower than
cost saving factor. Key points include: average growth for the UK:
l 81% believe their energy tariff is too high l 6.4% GDP global growth in the coming year
l 19% don’t know what energy tariff they are on l Emerging markets lead the rebound
l Businesses could be overpaying 44% on electricity and l All geographies in growth by April
65% on gas l US GDP growth of 5.9%
l 54% don’t know their daily energy usage l 5.0% GDP growth in Europe
l Annual overspend could top £17k 13 l Brexit to slow pace of UK GDP growth, 5.3% 14

Increased automation will Report uncovers losses in

change Britain’s workforces so-called ‘hidden factories’

VIEWPOINT – STEWART GOULDING A survey of the automotive design engineering
sector has uncovered a systemic phenomenon termed
‘Hidden Factories’ responsible for dragging down the
UK General Sir Nick Carter has suggested that a quarter of
industry’s productivity and profitability:
the British army could be robots by the 2030s. However, the
armed forces isn’t the only industry that’s facing an l Areas where quantity, quality and efficacy of interactions
increasing number of robot employees. Stewart Goulding, between OEMs and suppliers cannot be measured
managing director of precision drive system supplier EMS, l 43% of all design engineering workflows between OEMs
explains how the rise of robot workers poses and suppliers take place outside of approved channels
promise, not a threat l Opportunities for OEMs and suppliers to save
16 money and improve rospects 17

4 WINTER 2021 – INDUSTRIAL TECHNOLOGY EXTRA