Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/314319 
Year of Publication: 
2024
Citation: 
[Journal:] Welsh Economic Review (WER) [ISSN:] 2397-8716 [Volume:] 29 [Year:] 2024 [Pages:] 17-28
Publisher: 
Cardiff University Press, Cardiff
Abstract: 
The Welsh manufacturing sector has undergone significant change over the last decade, with new technologies, greater promotion of the circular economy by policymakers, and a competitive environment affected by Brexit, covid and energy price rises, all impacting the business landscape. Consequently, Welsh manufacturing businesses, the vast majority of which are micro, small, or medium-sized enterprises, face issues concerning supply chains, training and skills, innovation, finance, infrastructure, and sustainability. This report summarises a recent study conducted by Swansea University, on behalf of the Federation of Small Businesses (Pickernell et al 2023). The research investigated the issues faced by Welsh small and medium-sized enterprises (SMEs), and identified short-term problems with energy and infrastructure, and difficulties recruiting sufficient qualified staff, as well as a lack of Welsh-based suppliers for many of the resources Welsh SMEs required. The research also highlighted the gap between short-term pressures and long-term vision, but that bridging that gap would allow Welsh manufacturing businesses to place themselves on a more resilient footing, build skills and employment and prepare for future opportunities.
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Creative Commons License: 
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Document Type: 
Article

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