Explain how Manufacturing in the UK is currently facing many challenges with a slowdown in major markets, increasing global competition and the ongoing impact of dealing with the pandemic.

Management Accounting

Required:

You are required to critically examine and evaluate the below statement:

“Manufacturing in the UK is currently facing many challenges with a slowdown in major markets, increasing global competition and the ongoing impact of dealing with the pandemic. In the context of these challenging times there are a number of strategic management accounting methods which manufacturing companies can use to facilitate the strategic decision-making process”

Lecturer wants up-to-date references within the last few years.