Manufacturing was the sector with the most turnaround activity in the last year and this trend is expected to continue over the next 12 months, according to new research.
Between Q2 last year and Q2 2023, the sector saw a 20 per cent increase in insolvencies. And The Institute for Turnaround’s latest Societal Impact Report says the number of struggling manufacturing businesses rose to 13,660 in the last year against a backdrop of labour shortages, high energy costs, rising interest rates and inflation. During…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
