Manufacturing is bracing for change stemming from technological advances and Brexit uncertainty.
Increasing automation and data exchange means the sector is undergoing a fourth industrial revolution. Industry 4.0 is transforming the way products are developed and ways of working. It is changing the competitive landscape, has significant strategic and financial implications and of course it is having, and will continue to have, an impact upon the manufacturing workforce. Whilst any revolution creates new opportunities it will inevitably eliminate the need for certain roles.
Brexit uncertainty continues to impact those that are reliant upon international markets for customers and suppliers. It will also impact the workforce with some already facing staff shortages. A “No Deal” scenario is likely to cause the most disruption. If we exit without a deal then imports of raw materials and exports of finished goods to and from the EU will be subject to tariffs, lead times will be longer due to cross border customs checks and there will be other regulatory issues around mutual recognition. Having plans in place as soon as possible should help to mitigate these impacts and may even help businesses identify opportunities.
Manufacturers need legal advisers with expert knowledge of the legal and commercial landscapes they are operating in. We are actively working with our clients to help them overcome their challenges and we are dedicated to helping them take their next step and achieve strategic and commercial goals.
We advise on all business areas including mergers and acquisitions, funding, commercial contracts, procurement, property, planning and environmental, employment, pensions and dispute resolution.
Our clients range from regional SMEs to international brands with over £15bn turnover and include automotive, chemical, drink, food, pharmaceutical and textile manufacturers.
