To control costs, start where the costs really are.
The digital revolution and globalised economy have brought radical changes to U.K. manufacturing. The transformation of factories is disrupting the industry and forcing changes in everything from supply chain to staffing. Meanwhile, an evolving global marketplace, the shifting value of the pound, and a volatile political environment are all having their effect on businesses of all sizes.
Small wonder, then, that manufacturing CFOs and their staffs are looking for new ways to add value and increase profitability. Their gaze is turning, once again, to labour costs.
Kronos has a special interest in labour costs and efficiencies. In this briefing, we’d like to share a few thoughts about the changes facing manufacturers in the coming years – and then we’d like to hear your thoughts as well.