REPORTS
HSSMI Annual Report: A Year of Transforming Manufacturing Competitiveness Towards Net Zero
The purpose of this report is to share the results from our projects over the past 12 months and to showcase the level of expertise and value the HSSMI team delivers across all of their projects.
The last twelve months have been truly transformational for the automotive industry.
From navigating through the pandemic, Brexit, a global chip shortage, unprecedented levels of inflation, and of course now the war in Ukraine, the automotive sector has had to deal with a lot of challenges, change and complexity.
Despite this, the industry has rallied, and has welcomed a staggering amount of major new investment and commitment in the development of both new and existing manufacturing sites globally.
For example, in the UK last year we witnessed:
– Ford announced plans to invest £230m in transforming their Halewood transmission plant to start producing electric drives.
– Britishvolt secured further investment and were granted planning permission for their £2.6bn Gigafactory in Blythe.
– Nissan & Envision announced a £1bn investment programme for the expansion of their Gigafactory and EV production at Sunderland.
– The UK Battery Industrialisation Centre (UKBIC) opened their £130m facility in Coventry.
– Lotus has invested £100m across its sites in Hethel and Warwick to fund the development of the next generation electric sports and passenger cars.
– JCB has invested £100m in developing its hydrogen propulsion system, and creating 1,350 new jobs in the process.
What gives us great encouragement is that these investments, along with many others, have been focused on the industry’s transition to zero emission electric vehicles. In fact, according to a recent analysis from the SMMT, as much as £10.8 billion has been committed by manufacturers since 2011 onwards to both the development of new electric vehicles and propulsion systems, and / or the anchoring of production facilities in the UK.
This signals an important next step in the evolution of the automotive industry and the recognition of the need to take strategic action to transition away from Internal Combustion Engines (ICE) and towards zero emission capable electric propulsion systems, if we are to have any chance of curtailing climate change.
Fortunately, both established OEMs and emergent start-ups are taking this seriously. New opportunities for electric vehicle development and production are emerging all over the world. From the near daily announcements of new Gigafactories, EV start-ups, and technology breakthroughs, from teams across Europe, North America, and Asia (among others), the transition to zero emission vehicles is occurring on a global scale.
We are seeing similar trends beyond the automotive sector and across aerospace, marine and rail sectors. These sectors are undergoing parallel challenges in the quest to achieve net zero in terms of cutting tailpipe emissions and their environmental impact during production in the supply chain and at end of life.
Given HSSMI’s expertise, we have been in the privileged position to support many of these businesses, both UK based and overseas, to secure investment, scale up production, increase productivity and support the transition to more sustainable production and consumption practices.
Naturally, this has kept our team very busy, and we are very proud of all the work we have delivered in the past 12 months.
From helping Britishvolt to develop and roll out their IT strategy, to assisting Tevva Trucks in defining their manufacturing strategy and deliver manufacturing engineering support whilst an in house team was under recruitment, this report features details and insights from 17 case studies.
Some of these case studies feature accounts from our commercial delivery work, whilst others are focused around the results from our grant funded collaborative R&D projects. Both cut across major themes impacting advanced and sustainable manufacturing today such as:
– Digital manufacturing tools
– Battery technologies
– Hydrogen propulsion
– Circular economy
– Electric drives
– Manufacturing strategy
It also gives us the opportunity to highlight our own scale up journey. The past twelve months have been extremely transformative for our own business:
– We have significantly increased our revenue from commercial projects, achieving a total revenue of over £3.7m.
– We have diversified into new markets, geographic locations and with new customers. In addition to our UK clients, the HSSMI team have delivered projects with companies from North America, Germany, Israel and Spain.
– We have grown the team in critical areas and have established hybrid working practices in recognition of what keeps our employees happy and productive.
– We announced the securement of external capital to further grow our consulting services.
– And we are launching a HSSMI Foundation to support the development of next generation leaders in sustainable manufacturing. The Foundation will work closely with higher and further education institutions to offer student scholarships, support student projects, and develop skills of future leaders in sustainability.
Altogether, this transition has been focused on securing HSSMI’s future as a self-sustainable business, as well as ensuring we give back to the communities and industries who have supported us grow. We will do this through our own investments in R&D in addition to the activities of the HSSMI Foundation. Research remains an important cornerstone of our business and we will continue to pursue grant funding opportunities to advance our knowledge in target areas and ensure we stay ahead of the curve.
This is integral to support our growth. Our vision is to increase our revenue 10-fold over the next five to 10 years, as well as drive systemic economic, environmental and societal benefits for the wider global economy even further forward.
Today, we consider ourselves a thriving management consultancy, focused on supporting businesses to embrace sustainable manufacturing.
HSSMI will continue to provide particular focus to support manufacturers scale up the production of electric powertrains and vehicles where existing systems and resources are not in place yet, or where the path to scale up is particularly challenging or complex.
Annual Report
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