It’s that time of year, when Business Link Magazine invites the region’s business leaders to offer up their predictions for the year ahead.
It has become something of a tradition, given that we’ve been doing this now for over 30 years.
Here we speak to Andy Priestley, Managing Director of DSP (Interiors) Ltd.
As the economy finally shows signs of recovering from the slow-down triggered by soaring inflation and multiple interest rate rises, we expect to see an upturn across a number of sectors in 2024. This includes UK manufacturing, but predominately service sectors such as laboratories, research and development, and other service sectors such as IT (particularly considering the inevitable influence of Artificial Intelligence).
I predict there will continue to be increasing demand for manufacturing facilities, fueled by the dynamic evolution of ‘factories of the future’ – future-oriented manufacturing companies that embrace industry changes.
Research from S&P Global UK manufacturing and the Chartered Institute of Procurement and Supply’s index for manufacturing supports my views, suggesting signs of stronger demand with 53% of companies in the industry intending to expand activity over the coming year, linked to a wider economic recovery and a stabilisation of market conditions.
Likewise, the emphasis on
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