Sage: Britain to become world’s 5th largest manufacturer by 2021

Sage, a cloud business management solutions leader, has launched a report into the UK manufacturing sector revealing the adoption of new processes and thinking to drive growth. The Sage Discrete Manufacturing in a Changing World report found that adopting circular economy and servitisation strategies are critical in driving new revenue and profitability opportunities for discrete manufacturers. The UK, compared to its global counterparts, is making good progress. Sabby Gill, MD, UKI at Sage, commented: “It is exciting to see the opportunity for the UK manufacturing sector to grow and expand its position globally, especially in light of the political and economic uncertainty we’ve experienced in the UK. While sustainability will remain a challenge for the sector, our research indicates that British manufacturers are embracing it and looking at new models including the circular economy and servitisation, for growth.