The United Kingdom has become increasingly reliant on manufacturing imports from Asian low-cost countries over the past four years, despite supply chain disruption due to the pandemic, according to the Manufacturing Technology Centre’s inaugural UK Reshoring Index.
The index analyses two metrics – UK manufacturing output and import data from 14 Asian Low-Cost Countries (LCCs) – to track whether the UK is reshoring manufacturing back from Asia. This analysis comes as the Industrial Policy Research Centre (IPRC) releases its Manufacturing Strategy, outlining steps to boost manufacturing output and ensure the sector is…
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