Pictured above: Simon Griffiths, Chief Executive of the
Manufacturing Advisory Service - West Midlands (MAS-WM)
Manufacturers in the Black Country need to embrace the three
'Ps' if they are going to continue to emerge from the downturn
warns a leading support specialist.
Simon Griffiths, Chief Executive of the Manufacturing Advisory
Service - West Midlands (MAS-WM), believes investing in products,
processes and people will be the crucial ingredients for local
companies looking to grow and prosper in 2010 and beyond.
He also welcomed the Coalition's intentions to produce a
'Manufacturing Framework' document later this year and reinforced
calls for specialist on-the-ground support for industry to be
strengthened and not taken away.
"There has been considerable talk about the need to create a
more balanced economy, one where a greater proportion of our GDP
comes from manufacturing," explained Simon.
"This is excellent news, but at the same time we cannot
underestimate how big this challenge is for a sector that is still
replacing lost orders and volumes that were so quickly wiped out
this time last year."
He continued: "What we need is a clear view from Government
about how it aims to develop manufacturing in the Black Country and
indeed the UK.
"The potential is undoubtedly there and we need to harness this
by making sure the right environment is in place to grow.
"This means that we need better access to affordable finance, we
need to improve the skills of our workforces and we need to provide
manufacturers with focused, at elbow business support. This will
help to ensure companies are not missing out on new orders and the
growth and job creation that follows."
Simon's rallying call comes on his first anniversary as Chief
Executive of MAS-WM, an eventful period that started with
manufacturers reporting losing volumes of 30, 40, 50 and even
80%.
The following twelve months has seen the industry bounce back
and order books are now creeping up and some limited recruitment is
taking place in sectors, including aerospace, automotive, medical
and renewable.
"Local companies are still cautious and are delaying capital
expenditure and skills development as a result of renewed
commentaries talking of a 'double dip' recession," continued
Simon.
"This could seriously strangle growth and we need to create
conditions whereby manufacturers feel able to invest in the
expansion of their businesses. In short, we need to get out there
and make the most of new global opportunities, especially in low
carbon."
The qualified mechanical engineer firmly believes the three 'Ps'
hold the key - new products, world class processes and skilled
people.
"Personally, I feel we need to focus on innovation, growth and
skills. Unless we develop new products we will be unable to grow
our businesses and to do this we need skilled graduate engineers,
apprentices, shop floor operators and management able to convert
clever ideas into saleable, profitable products.
"Now is the time to be investing in the 3 'Ps'. I'd like to
think that in a further twelve months the media will be writing
about how successful we have been in growing our way out of the
recession as a result of focused investment in our regional
businesses."
Established in 2002, MAS-WM has assisted over 6000 companies to
improve their products, productivity, processes and people, adding
over £250m to the turnovers of those firms that have embarked
upon in-depth business improvement projects.