Procurement and Supply Chain Professionals

Wednesday, 24 August 2011

Renewable Energy - The potential saviour?

I read an interesting story on earlier, apparently only 19% of UK manufacturers expect to lower their prices in the next quarter due to a healthy demand. Interestingly 31 per cent of manufacturers predicted production would rise over the next quarter with 52 per cent believing it will stay the same, and just 17 per cent predicting a fall.

All in all that's great news for the UK economy, Britian was once the great manufacturing empire and although low cost sourcing has made it cheaper to move production abroad I can't help feeling that as long as our manufacturing industry continues to grow we should ride out the rest of 2011 nicely.

On a different note the renewable energy industry seems to have slowed down in the recession with a couple of the big wind turbine manufacturers making redundancies in the past 2 years, speaking to a well placed insider last week I was pleased to hear that the UK could become the wind energy capital of the world. All we need now is significant investment from the government and we can put the great back in to Britain!

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