A wonderful thing is happening in the UK electronic component manufacturing sector. People are buying British again. What is causing this phenomenon? Patriotism, marketing, government policy, green considerations, transport costs, communication issues or long delivery lead times?
No, it's price; UK buyers are purchasing UK products based on price. Electromechanical component manufacturers, like IntelliConnect are reporting increased UK sales vlaues of up to 50 percent since the middle of 2016 and significant uplifts in export revenues.
The reason for this, of course, is primarily the weak pound, which, although it has rallied a little recently, is increasing the cost of some imported products by up to 30 per cent and decreasing the cost of UK goods to foreign buyers by up to 30 percent.
The reason for this, of course, is primarily the weak pound, which, although it has rallied a little recently, is increasing the cost of some imported products by up to 30 per cent and decreasing the cost of UK goods to foreign buyers by up to 30 percent.
This is not, however, the only reason UK manufacturers are becoming more competitive. Productivity is improving rapidly and volumes are increasing, with UK manufacturers more willing to trim their margins to win business. The total acquisition cost of purchasing locally is also being driven down by supply chain excellence initiatives, such as SC21 in the defence and aerospace markets and supply chain excellence awards across all sectors.
The downside is that while UK buyers are more willing to buy British, they may struggle to find a British manufacturer for their requirement. Fortunately, no such issues exist in teh radio frequency connector, adaptor and cable assembly area. Here IntelliConnect provides a one stop shop for all interconnect needs, providing a competitive platform for UK manufactured and low cost components.
The downside is that while UK buyers are more willing to buy British, they may struggle to find a British manufacturer for their requirement. Fortunately, no such issues exist in teh radio frequency connector, adaptor and cable assembly area. Here IntelliConnect provides a one stop shop for all interconnect needs, providing a competitive platform for UK manufactured and low cost components.