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MANUFACTURING SECTOR CHALLENGES

Menzies

TECHNOLOGY Manufacturers need to utilise the latest technology to stay relevant, innovative and competitive. particularly the Internet of Things (IoT) and the IIoT (Industrial Internet of Things), opens doors for manufacturers to create a more digital focus, including real time tracking and quality management. Embracing Industry 4.0,

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Spring Budget 2024 – Manufacturing Sector Commentary

Menzies

As a sector that traditionally struggles with labour shortages, it remains to be seen whether the additional 2% NIC cut and changes around child benefit will have the positive effect that the government hopes for. Meet our Manufacturing specialists For more budget commentary click here.

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What does the Manufacturing sector stand to gain from this Autumn Statement?

Menzies

Menzies’ accountancy and strategic advisory experts shares a summary of the main points relating to the manufacturing sector: Specific investment towards the manufacturing sectors: £4.5bn support over the next five years: The Chancellor announced a further £4.5bn funding for strategic manufacturing sectors for five years from 2025.

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RETAIL & WHOLESALE SECTOR CHALLENGES

Menzies

These are tumultuous times for the UK’s retail sector. Despite this, UK retail sales have topped £500 billion recently, and businesses in the sector are striving to differentiate their offerings through providing an enhanced, sustainable, and personalised customer experience, investing in innovative products and digital transformation.

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Path to Becoming a CFO

Speaker: Rodrigo Brumana, CFO at Poshmark, and Jeff Epstein, Veteran Tech CFO

This diversity of companies over a relatively short period (seven companies in 14 years) provides an unconventional breadth of experience across sectors. We’ll hear about his experience as a public CFO and as CFO of a VC-backed unicorn.

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Manufacturing: Spring Budget Predictions & Wish List

Menzies

Andrew England highlights what we could expect from the Chancellor’s Spring Budget 2024 this year, and what could benefit the Manufacturing sector. So, a reduction to the rate of employer’s National Insurance would be welcomed (NB Make UK report suggests sector’s wages are 9% higher than rest of the economy with 2.6m

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Unlocking Growth: What Food & Drink Manufacturing Needs from Government in 2024

Menzies

November’s Autumn Statement earmarked £4.5bn for key manufacturing sectors, and some beneficial changes to tax reliefs and full expensing. However, many food and drink manufacturers, especially SMEs, will have been disappointed to have been left out and will be looking to the Spring Budget for more impactful measures.