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CBI SAYS IT'S GOOD FOR UK BUSINESS

Digby Jones, CBI Director-General, said: "Off-shoring is now part-and-parcel of doing business in the global economy.

"Make no mistake, this is a survival issue. Anyone who believes that firms have a great deal of choice are naive. Companies know if they don't do it, somebody else will. If competitors act and they don't respond, they may put their business at risk.

"It is short-sighted simply to see all this as a bad thing. Globalisation was made for Britain. Off-shoring means greater productivity and more efficient goods and services. It also means UK jobs will be of higher quality, more skilled and in many cases more secure.

HOW OFFSHORING BENEFITS YOUR BUSINESS

• The benefits of off-shoring outweigh the drawbacks, … the process will increase productivity, profitability and economic growth.
• The CBI pointed out that just over half of respondents have continued creating jobs in the UK since they began off-shoring.
• The quality of jobs in the UK is rising with firms saying they are creating mostly skilled and graduate jobs in the UK.

WHY USE HILLFOOT PRECISION COMPONENTS?

The CBI survey shows there are drawbacks to off-shoring, notably difficulties exercising managerial control and the risk of supply disruption. Smaller companies were less likely to off-shore than larger companies.

But there is no sign of the trend reversing, with 87 per cent of respondents expressing satisfaction with the off-shoring experience.