2023 Manufacturing Agility Assessment

27/10/2023

We are pleased to share with you the latest insights from our recently published 2023 Manufacturing Agility Assessment.

We undertake this research each year to benchmark the ever-changing landscape of the manufacturing industry and shed light on any significant shifts in the strategies and priorities of top-notch manufacturers. This year, there are many.

Download the report for free today, courtesy of The Manufacturer.

 

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If you don’t have time to read the whole report (you’re missing out on some very interesting statistics!), here are 7 of the key highlights at a glance:

  1. Enhanced Agility: Evidence of increased adaptability reflects a rapidly changing business environment.
  2. Supply Chain Resilience: A continuing 3-year trend of reduced supplier dependency suggests the sector is succeeding in its efforts to build supply chain resilience.
  3. Supplier Diversification: Reduced from last year, but still high, underlining the strategic actions undertaken by manufacturers to ensure consistent access to vital resources.
  4. Collaborative Partnerships: Manufacturers are evolving their relationships with suppliers towards a more open and collaborative model to enhance cooperation and address common challenges more effectively.
  5. Customer-Centricity: Improving customer service and engagement is cited as the top area for business improvement, underscoring the growing emphasis on customer satisfaction and loyalty.
  6. Recruitment: The report reveals a positive trend with recruitment challenges easing year on year, with many manufacturers focusing on staff retention strategies.
  7. Sustainability: Identified as the top business goal for manufacturers in the next 12-24 months followed by deeper relationships with customers, and increasing investment in people, premises, and processes. This reflects a clear commitment to sustainable growth.