Manufacturing News – Early August 2022

Siemens has partnered with cybersecurity software company Awen Collective to develop a new, accessible and affordable, managed OT security solution for SME manufacturers.

The collaboration will allow businesses to buy into a managed security solution, protecting any networked, internet-connected technology starting from £10,000. Ordinarily, setting up and maintaining a security operations centre can cost a business hundreds of thousands of pounds.


A new study by Sage, the leader in accounting, financial, HR and payroll technology for small and medium-sized businesses (SMBs), has revealed the significant hurdles faced by manufacturers and distributors shifting to a sustainable Circular Economy business strategy, despite widespread acknowledgement of the many benefits it will deliver.

“The State of the Circular Economy” report shows the industry is paying greater attention to the need for, and benefits of, the Circular Economy (CE). It comes in response to the growing importance of sustainable business practices to over 60% of employees, customers, shareholders, and supply chain partners alike.

CE is based on the principles of designing out waste and pollution, keeping products and materials in use, regenerating natural systems, and supporting environmental sustainability. 84% of senior leaders say building and implementing a CE strategy is now part of their role, with 32% stating it is central to their duties.


The manufacturing industry weakened to a 25-month low in July, according to the latest S&P Global / CIPS UK Manufacturing PMI®.

July 2022 UK Manufacturing PMI key findings:

  • Manufacturing PMI falls to 25-month low
  • Output falls in consumer and intermediate goods industries
  • Job creation accelerates as companies address staff shortages


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