JCB Supplier Conference 2017
CEO Graeme MacDonald reported an 18% growth in the global market for 2017, and a 1% increase in JCB’s market share, at the headquarters of the construction machinery giant. Longhe UK and other suppliers to JCB were given a very clear message….”Be ready for growth – grow with us, or be left behind” Senior purchasers went on to discuss JCB-led lean activities to improve T3 Warranty, parts quality – and the cost-saving initiatives. Against a background of raw material increases – Steel 10%, Rubber 52%, Oil 40% – the demand on JCB suppliers for 3% year-on-year cost saving plans was a tough challenge. However, the benefits for suppliers will come in volume-incremental business, as JCB are forecasting a bright future, with an anticipated 25% increase in sales for 2018.
The conference was closed with an optimistic view on Brexit from guest speaker – journalist and MEP, Daniel Hannan – and an uplifting address from Lord Bamford on the future of JCB in the construction market.