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71% of UK manufacturers and engineers want to offset costs via productivity gains

Seven in 10 British manufacturers and engineers are looking to reduce costs through productivity gains, according to a new survey from MHA and Lloyds Bank Commercial Banking. The study, as reported in Smart Machines & Factories (‘British manufacturers and engineers target growth despite concerns over EU exit plans’ – November 2016), canvassed 550 small to medium-sized UK businesses and revealed concerns regarding the effects of the country’s imminent exit from the EU.

A major worry was the likelihood of an increase in wages and raw material prices, which more than 90 per cent of companies believe will impact on production costs, despite over two thirds (69 per cent) of businesses being optimistic about their growth prospects over the next year.

Almost three quarters (71 per cent) of those surveyed said that they wouldn’t be passing on any additional costs to customers and would therefore be relying on productivity improvements in order to cover expected production cost rises in 2016/17.

Typical areas for businesses to focus on when improving productivity are staffing levels, training, setting goals and technology. On this last point, Gibbons Engineering Group has decades of experience helping UK companies to significantly increase productivity in electric motor-driven processes with the installation of the latest variable-speed drives.

VSDs allow users to match electric motor speed to the demands of the application, adjusting it as required in order to optimise productivity while keeping energy consumption to a minimum.

As an authorised value provider, Gibbons has access to a global network of products, services and technical expertise for ABB drives. Coupled with our extensive range of high-efficiency electric motors, this allows us to provide packaged solutions for pump and conveyor applications such as food and beverage processing, wastewater management and cement production.

For more information about ABB drives, call Alan Roberts on 07966 468430 or email alan@gibbonsgroup.co.uk. Discuss your electric motor requirements by calling Steven Burmby on 01621 868138 or email steven@gibbonsgroup.co.uk

 

Variable-Speed Drives, Electric Motors

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