Manufacturing produces virtually every type of product that you can think of, from smartphones to hair gel, and everything in between. UK manufacturing is often unfairly maligned, but the UK is actually the eighth largest manufacturer in the world, contributing £224 billion to our economy and employing 2.6 million people. The industry’s importance is undeniable, but manufacturers face a host of challenges that frustrate the sector’s growth. For instance, the UK’s commitment to reaching net zero requires organisations to significantly reduce their carbon emissions, which are typically high for manufacturers because of the energy needed to power processing and production equipment. At the same time, global supply chain disruptions, caused by overseas crises, are causing a shortage of parts and raw materials. A UK skills shortage also means that many manufacturers struggle to recruit the talent needed for operating factories. Finally, persistently high energy prices and inflation have driven up almost every imaginable cost for manufacturers, from production to distribution. https://originfinance.co.uk/the-finance-and-loan-options-available-for-the-manufacturing-industry/