Seizing the 'Moment'
In the current harsh economic climate, there can be no doubt that in order to survive, businesses have to think of ways of diversifying...
Now, for the retail trade, diversification can be as simple as selling something different. No new machining, no new raw materials, no new training - just some product familiarity.
However, for manufacturers, it is often easier said than done.
It can be difficult for a manufacturer - from both a machine and existing expertise perspective - to suddenly diversify and manufacture a different product from those they have originally set up to make!
So the answer for a manufacturer with expensive machinery and familiarity with their own product area is to consider diversification in the market-place itself.
One potential market-place open to all manufacturers in the North West is the nuclear supply chain - new build, existing and decommissioning, as well as the main suppliers to them.
"But we know nothing about uranium!"
You don't have to!
Nuclear facilities, whether existing , new build or old sites for decommissioning, and the main suppliers to them all, need widgets, valves, fencing, coat hangars, piping, pathways, sandwiches, work-wear - in fact the list is endless, there to be exploited by small and medium manufacturers in our region who are prepared to go out and get the business.
The Manufacturing Advisory Service (MAS) NW is the national lead-body for SME participation in the nuclear supply chain. They are holding a free conference on the subject at the Energus campus in Workington, Cumbria on Wednesday 20th July.
Don't miss this great opportunity - please telephone the free MAS help line on 0800 093 9077 to either register for the conference or for more details on the funded help available to get you into the nuclear supply chain.