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Efficiency overcomes uncertainty

Wilson Process Systems News and PR from Wilson Process Systems - Published 04 November 2015 The world has shrunk over the past few years and today practically everybody is affected, directly or indirectly, by the global market.
The following article is written by Steve Cooke, Sales Manager:

The world has shrunk over the past few years and today practically everybody is affected, directly or indirectly, by the global market. From interest rates and commodities, through to jobs and investment-all are influenced in
some way or another.

In the UK, we're still enjoying record low interest rates, low inflation, plus low fuel prices at the pumps and even record car sales. With reasonable consumer confidence, plus more money in the public's pocket, everything points to a good festive season for retail. But what about UK manufacturing? ItÂ’s created many jobs in the private sector with record investment, seen record output in car production with manufacturing apparently growing its fastest in Q2/3 for a generation but, when you talk to many businesses, they still carry a word of caution with one eye on the horizon both east and west.

Growth is slowing Looking east, China's economy has really slowed in the past year to single digit growth. The government have had to step in to devalue its currency twice to help with exports, while still increasing spending on infrastructure and defence projects, in an attempt to keep up investment, which is so important in the way it operates its economy. For me, the situation became clear when receiving five to six emails, sometimes 10 a day, from PCB manufacturers with spare capacity looking to try and fill the plant with almost give-away prices. The demise of China's growth is underway and itÂ’s expected to continue year-on-year down to five per cent by 2020, with the fallout affecting everybody. This wave of offers will probably continue to increase twofold by the end of this year and I suspect that after PCBs may come components.

Turning west to the US market, it is already possible to see signs of slowing, with many major global US companies expecting to catch a cold from the east. The word on everyone's lips is ‘efficiency.’ Companies are preparing their business for any unexpected challenges coming down the tracks and acting now to minimise the impact of certain slowing in China.

Wilson Process Systems actually saw its market grow this year, with turnover increased by eight per cent, but the companyÂ’s vision for the next 12 months was hazy. The majority of customers are uncertain as to what they expect to see in 2016; all the indications are positive but lack the full enthusiasm one would like to see. None of WilsonÂ’s clients are really reliant on Europe as their key market. Instead, some look to China and the Far East and others to the US, but all agree on a level of uncertainty, which is why Wilson decided to take heed and review its own efficiency.

where uncertainty is constant, Wilson Process Systems undertook an efficiency review as the only sure way to succeed

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