Manufacturing is the backbone of the UK economy, contributing a substantial percentage of GDP. This figure is steadily climbing, proving manufacturing's enduring importance.
The manufacturing industry is deeply interconnected with the rest of the economy. Its success ripples through other sectors, boosting economic resilience and helping the nation recover swiftly from downturns.
In fact, while directly employing 2.6 million people and generating £184 billion in 2022, the manufacturing sector's overall impact on the UK economy is significantly larger. Research carried out by Oxford Economics, estimates this total impact at £518 billion, or 23% of UK GDP. This is driven by factors such as robust supply chains, substantial exports, higher wages, and significant R&D investment.
Beyond its financial clout, manufacturing is a hotbed of innovation. Manufacturers are twice as likely to invest in research and development compared to other industries. This drive for progress translates into groundbreaking products and processes, with manufacturers leading the way in both product and process innovation.
Productivity is another manufacturing strength. Output has grown at a blistering pace of 2.3% annually between 1980 and 2009, far outpacing the national average. This efficiency fuels economic growth and job creation.
Export is important for UK manufacturing. Over half of all UK exports come from this sector, with manufacturers demonstrating a keen ability to tap into global markets. This not only generates revenue but also enhances the UK's international reputation.
‘The new era of manufacturing will be marked by highly agile, networked enterprises that use information and analytics as skilfully as they employ talent and machinery to deliver products and services to diverse global markets’ (McKinsey & Company, 2012).
Manufacturing has transformed into a sought-after career path for skilled professionals. Salaries in the sector now surpass the national average by 10%, reflecting the advanced skill set required for modern manufacturing roles. While it still has some way to go in order to reach the “heights” of VR or IoT engineering roles, things are shifting at pace.
In short, manufacturing is more than just a sector; it's the engine that propels the UK economy forward.
Driving Talent Acquisition for the Packaging Industry
For over a decade, we’ve been at the forefront of connecting top talent with leading manufacturing businesses. We understand the unique challenges and opportunities within the industry, and our mission is to deliver exceptional recruitment solutions that drive your success.
With a proven track record of partnering with companies of all sizes, from innovative startups to established industry giants, we possess the expertise to meet your specific staffing needs. Our tailored approach ensures that we identify and attract the most qualified candidates who align with your company culture and strategic goals.
At the heart of our success is a team of industry-focused recruitment specialists. We combine in-depth knowledge of the packaging sector with a passion for finding the perfect fit. Our rigorous recruitment process, coupled with a dedicated training academy, guarantees that our consultants are well-equipped to deliver exceptional results.
By choosing us, you’re investing in a strategic partnership that goes beyond traditional recruitment. We’re committed to helping you build high-performing teams that drive innovation and growth within your organisation.
Let's discuss how we can elevate your talent acquisition strategy.
Phone: 0333 307 7777 | Email: enquiries@pioneer-selection.co.uk