Reshore or not to reshore, that is the question?

Posted on 20 Mar 2024 by The Manufacturer

Greater support for capital investment and skills development announced in the government’s new manufacturing strategy should help domestic production achieve cost parity with work carried out in overseas locations. However, uncertainty still abounds across the manufacturing sector. David Hughes, PLM Specialist at PTC explains.

With the mid-November announcement of its Autumn Statement and accompanying Advanced Manufacturing Plan, the UK government laid out a strategy for transforming the UK into ‘the best place in the world to start and grow a manufacturing business.’ This could well give firms the impetus to bring production and manufacturing back home, commonly known as…

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