With Brexit producing a year of twists and turns in 2018, the only certainty about 2019 is that the outlook for businesses across Scotland remains uncertain, according to chiefs at Scottish accountancy firm Johnston Carmichael.
The firm’s chief executive Sandy Manson says the size of the impact on the economy and investment confidence from the UK leaving the EU is “the big imponderable”.
He added: “Whatever the outcome, there will be opportunities too, and businesses are remarkably agile and resilient in the face of such uncertainty and change.”
Wider adoption of automation and technology in manufacturing
Alistair Black, head of engineering and manufacturing, said: “Companies in the sector, irrespective of size, need to improve productivity to remain competitive and the adoption of technology will be key to achieving this.
“This will incorporate everything from investment in robotics to connecting the equipment and systems already in use via the industrial internet of things (IIoT) to create a more integrated and efficient value stream.
“This will become more accessible through increased availability of superfast broadband and reduction in the cost of technology. A well-defined digital strategy, access to capital and effective tax planning are all vital components for success.”
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