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Why volatility is the biggest barrier to investment. By David Grailey
Manufacturers are operating in one of the most volatile environments in decades and it’ s having a direct impact on skills investment. From geopolitical conflict disrupting supply chains to sustained energy price fluctuation, businesses risk being forced into short-term decision making.
In this climate, workforce development is often the first casualty. This creates a dangerous cycle, because in an era defined by geopolitical uncertainty, skills are a strategic asset. When investment in skills slows, productivity and resilience fall, leaving manufacturers even more exposed to future shocks. In addition, businesses that invest in skills during downturns come out of these periods with faster and greater growth than those companies that do not.
Short-term survival, long-term risk
The UK’ s manufacturing skills challenge is well documented but not always fully understood. This is not simply a vacancy
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