An Exploratory Study of the Resilience of Manufacturing in the Cardiff Capital Region

  • Anthony SorokaEmail author
  • Mohamed Naim
  • Gillian Bristow
  • Laura Purvis
Conference paper
Part of the Smart Innovation, Systems and Technologies book series (SIST, volume 52)


Sustainability in all its guises is important for the long term continuance of manufacturing. The ideas of local sustainability and resilience have become increasing popular topics for study. The drive for economic resilience is causing governments to look at regional strategies to improve economic sustainability and resilience. A recent example of this is the establishment of a Cardiff Capital Region (CCR) in Wales. This exploratory study takes an initial look at the resilience of manufacturing in the CCR vis-à-vis economic resilience using the FAME dataset and QuiScore measure. Results indicate that on the whole manufacturing looks broadly healthy. However, some potential areas of concern were identified, many of the biggest and healthiest companies are not headquartered in the CCR, whereas 98 % of the weakest companies are, and there are inter and intra sectorial differences. The study also suggests that measures such as QuiScore should perhaps not be used in isolation as its methodology is unknown and a large number of companies do not have QuiScores.


Sustainability Resilience QuiScore Manufacturing 



This work was supported by the EPSRC “Re-Distributed Manufacturing and the Resilient, Sustainable City” (EP/M01777X/1) RDM Network.


  1. 1.
    Shaw, P.E., Newby, L.: Sustainable wealth creation at the local level in an age of globalization. Reg. Stud. 32, 863–871 (1998)CrossRefGoogle Scholar
  2. 2.
    Bonevac, D.: Is sustainability sustainable? Acad. Quest. 23, 84–101 (2010)CrossRefGoogle Scholar
  3. 3.
    Christopher, M., Peck, H.: Building the resilient supply chain. Int. J. Logistics Manage. 15, 1–14 (2004)CrossRefGoogle Scholar
  4. 4.
    Valikangas, L.: The Resilient Organization: How Adaptive Cultures Thrive Even when Strategy Fails. McGraw-Hill, New York (2010)Google Scholar
  5. 5.
    Bristow, G., Healy, A.: Regional resilience: an agency perspective. Reg. Stud. 48, 923–935 (2014)CrossRefGoogle Scholar
  6. 6.
    Pendlebury, M., Groves, R.E.V., Groves, R.: Company accounts: analysis, interpretation and understanding. Cengage Learning EMEA (2004)Google Scholar
  7. 7.
    Jeffrey, M.: A decade of alternative investment market (AIM)—but little impact on the UK apparel sector. J. Fashion Mark. Manage. Int. J. 11, 441–444 (2007)Google Scholar
  8. 8.
    FAME: FAME—Financial Analysis Made Easy. Bureau van Dijk, London (2015)Google Scholar
  9. 9.
    Baourakis, G., Conisescu, M., van Dijk, G., Pardalos, P.M., Zopounidis, C.: A multicriteria approach for rating the credit risk of financial institutions. Comput. Manage. Sci. 6, 347–356 (2009)MathSciNetCrossRefzbMATHGoogle Scholar
  10. 10.
    Linsley, P.M., Shrives, P.J.: Risk reporting: a study of risk disclosures in the annual reports of UK companies. Br. Account. Rev. 38, 387–404 (2006)CrossRefGoogle Scholar
  11. 11.
    Guariglia, A., Mateut, S.: Inventory investment, global engagement, and financial constraints in the UK: evidence from micro data. J. Macroecon. 32, 239–250 (2010)CrossRefGoogle Scholar
  12. 12.
    Greenaway, D., Guariglia, A., Kneller, R.: Financial factors and exporting decisions. J. Int. Econ. 73, 377–395 (2007)CrossRefGoogle Scholar
  13. 13.
    Mulhall, R.A.: Manufacturing change: competitiveness and adjustment through evolving production relationships. University of Birmingham (2013)Google Scholar
  14. 14.
    Doumpos, M., Pasiouras, F.: Developing and testing models for replicating credit ratings: a multicriteria approach. Comput. Econ. 25, 327–341 (2005)CrossRefzbMATHGoogle Scholar
  15. 15.
    Pal, R., Torstensson, H., Mattila, H.: Organisational resilience and health of business systems. Int. J. Bus. Continuity Risk Manage. 2, 372–398 (2011)CrossRefGoogle Scholar

Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  • Anthony Soroka
    • 1
    Email author
  • Mohamed Naim
    • 1
  • Gillian Bristow
    • 2
  • Laura Purvis
    • 1
  1. 1.Cardiff Business SchoolCardiff UniversityCardiffUK
  2. 2.School of Planning and GeographyCardiff UniversityCardiffUK

Personalised recommendations