Speaking about the Budget Advanced Supply Chain Group CEO Mike Danby (pictured) said:
“It’s good to hear a Budget which sets out its stall as supporting the most innovative businesses with measures announced around increased R&D relief and access to patient capital funding.
“That said, I fear there will be plenty of small print around this which mean we may not see the headlines translate into a reality for the businesses that epitomise an innovation culture and are truly tackling the productivity crisis. For the UK to be the ‘force for good in the world’ the Chancellor cited today, the Government needs to put its weight behind the mid-sized, growing businesses embracing and developing technology that will transform the economy of the future.
“The investment in the electric vehicle charging network was a positive announcement. I wish I could be as positive as Hammond about the future of driverless vehicles - especially when it comes to using them within the logistics industry. Technology is driving our industry forward but I think driverless vehicles are a lot further in the future than his ambitions. Currently, it’s just not workable. Yes, we can get a truck from A to B but what happens when it arrives? Each site is unique and the supply chain is increasingly complicated for a whole host of reasons. If we’re not careful and get distracted by an over-focus on this issue, the productivity gains made by the technology of driverless vehicles could be quickly reversed by the logistics challenges the technology would bring along with it."