The UK manufacturing industry is viewing the country as a more competitive place to locate their activities compared to 12 months ago, with an increasing number believing they are moving ahead of their European rivals.
However, the sector remains wary of the huge threat to their competitiveness posed by the US, India and China.
The findings come from a major survey of over 200 senior manufacturing executives published by Make UK and PwC. The survey shows that after a very difficult few years through the pandemic and, the shock to energy prices, there are optimistic signs with companies more bullish about the prospects for manufacturing in 2024. As a result, most companies are seeing opportunities outweighing the risks to their business.
Accrol Group Holdings plc (LON:ACRL) is the UK’s leading independent tissue converter, producing toilet tissue, kitchen towel, facial tissue and biodegradable wet wipes. The UK soft tissue market is worth £1.6bn with private label products comprising circa 50%. Accrol is the leading supplier to the private label market, which is growing at over 8% year on year.
