According to a report by Barclays Corporate Banking, the supply chain disruptions, which have been caused by a variety of factors including Brexit, the COVID-19 pandemic, and the war in Ukraine, have made it difficult for manufacturing businesses to maintain consistent and reliable access to the goods and materials they need to operate. As a result, these businesses have had to adopt a range of innovative approaches to mitigate these issues.
Almost 40% of UK manufacturing businesses have increased their storage capacity to hold more inventory in order to mitigate the effects of the supply chain issues. The report indicates that 67% of aerospace manufacturers and 55% of automobile producers have adopted this approach.
Midland Pallet Trucks, a leading provider of storage solutions, is helping manufacturers in the UK manage their warehouse space more efficiently and overcome these supply chain delays through the provision of high-quality materials handling equipment.
According to Phil Chesworth, Managing Director at Midland Pallet Trucks, “Businesses that are holding more stock than before have had to increase storage, are faced with overcoming warehouse management challenges at a previously unprecedented scale. As a result, we’ve seen an increase in businesses looking for ways to optimise their warehouse operations.”
Their most popular ranges include electric pallet trucks, weighing scale trucks, and high lift pallet trucks, which can help companies optimise their storage space through vertical storage capabilities. Training employees to use these trucks can also help reduce the risk of injuries, resulting in increased productivity and performance.
The report by Barclays indicates that the variety of measures adopted by companies to mitigate the effects of supply chain challenges are leaving the industry confident in the medium-term, with 66% of companies believing supply chain challenges will improve during the next six months.
Midland Pallet Trucks is dedicated to supporting manufacturers as they navigate these challenges and achieve their business goals in the face of ongoing supply chain disruptions. The company’s storage solutions can help companies maximize their storage space, enabling them to continue driving growth and success in the UK market.
For more information, visit https://www.midlandpallettrucks.com