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Coronavirus threatens UK manufacturing, but technology could help

March 03, 2020 / Lucy Ingham
SHARESHARESHARE

According to data released yesterday by the UK PMI, the novel coronavirus COVID-19 is beginning to disrupt manufacturing, but one expert believes the answer could lie in technology. The UK IHS Markit/Cips manufacturing purchasing managers index identified that while the manufacturing sector saw the fastest growth in ten months this February, the coronavirus’ impact on global supply chains was beginning to be felt. In particular, the UK manufacturing industry is beginning to face issues surrounding the delivery of raw materials as well as increased costs to purchase them. This is due in particular to the dramatic shutdown that has impacted China, where many raw materials are produced. Coronavirus COVID-19 has hit the world with a big challenge. Not only is it disrupting the health and wellness of people around the globe, it is making a significant dent to the world economy, said Rafi Billurcu, partner, Manufacturing at Infosys Consulting.