Your opportunity to grow your business in thriving new sectors
Published: 14 March 2025
By Emma Sheridan, Newable
With the start of new beginnings, businesses may want to explore ways to pivot and adapt to changing market demands for long-term success and sustainability.
Transitioning into new supply chain sectors is an effective strategy for driving growth and scaling your business operations this year. To complement this ambition, we have launched the Business Growth West Midlands (BGWM) Supply Chain Transition programme, which is on a mission to empower SMEs in the West Midlands with a free package of support to tap into new supply chain prospects.
This programme targets dynamic sectors in Health and Med Tech, Manufacture of Future Housing and Smart Energy Systems. Whether you’re already operating in these sectors or looking to break into them, these industries represent the future of business—and we are looking for local suppliers like you.
The sectors of the future: where opportunity awaits
The world is forever changing, and businesses that adapt to emerging trends thrive. The programme focuses on three sectors with huge growth potential and is designed to propel businesses towards securing new supply chain orders in these markets:
Health and Med Tech Supply Chain
The fusion of Health Tech and Med Tech has created a dynamic ecosystem that caters to both physical medical devices and software-based health solutions.
The West Midlands is poised to revolutionise the sector with cutting-edge Health & Med Tech solutions and outlines an opportunity to increase this sector by an additional £400 million to £430 million by 2030.
This growth is expected to create between 5,300 and 5,900 new jobs and represents strong potential for all those involved in the local Health & Med Tech supply chain.
Future Housing Supply Chain
The West Midlands Combined Authority (WMCA) has set an ambitious target of building 215,000 new homes by 2031. This target aims to meet future housing and economic needs while providing good-quality, affordable housing for local residents.
The region is committed to building homes that are energy-efficient, affordable and environmentally friendly. This suggests that a significant portion of the 215,000 homes will need to incorporate many elements of future housing which could represent strong growth potential for all those involved in the local future housing supply chain.
Smart Energy Systems Supply Chain
The smart energy systems market in the West Midlands is expected to experience significant growth over the next three years. This growth is being driven by strategic initiatives, investment and innovation, public-private partnerships, and economic and environmental goals.
The region is home to significant clean-tech research hubs which are driving innovation and attracting investment in smart energy solutions. Partnerships with key players in the region are driving the development and implementation of smart energy projects.
New supply chain sectors: the benefits to boost growth
Diversifying your supply chain can strengthen a company’s competitiveness and sustainability in an ever-changing marketplace. By sourcing and procuring materials and other items from several different suppliers, you can reduce the risk of relying solely on one.
The benefits include:
- Diversification of risk
- Access to new customers
- Innovation and competitive edge
- Revenue growth
- Strategic partnerships
- Adaptability and resilience
Sourcing from multiple suppliers in different industries or locations helps a business better adapt to unexpected challenges. Diversification can also foster innovation, improve cost efficiency, make a business more resilient and provide access to new markets and technologies.
A supply chain is the lifeline of any business, connecting all the moving parts involved in bringing a product to market. Understanding and managing this network is essential for businesses to stay competitive in today’s global marketplace.
Our support programme can help you achieve growth in new sectors
The Business Growth West Midlands Supply Chain Transition programme is here to help. This is a free support programme specifically designed to help ambitious businesses like yours successfully access and grow into one of the three high-growth sectors that are thriving in the region.
It provides bespoke one-to-one support from a Supply Chain Adviser and specialist market research, giving you the tailored insights you need to answer critical questions and gain a competitive edge as you scale and succeed in one of these exciting markets.
This unique programme could be the perfect next step. It’s a chance to unlock deeper market opportunities, refine your strategy and gain even stronger traction in your growth journey to drive funding, revenue and new jobs.
Please click here for more details.
One of our clients, having participated in the programme, mentioned: “Knowing that my Supply Chain Adviser and I were both committed to achieving the best results possible for our organisation and to securing the right consultant was great. She has kept us on track and facilitated our discussions so well.
"I couldn’t quite believe how quickly she was able to crystalise the problems we had to work through and the clarity has helped me to create immediate next steps.
"We’ve already identified marketing and sales strategy as priorities, and I anticipate this feeding through to tangible revenue growth over the next 12–18 months.” Sue Roberts, CEO, Better Pathways
If you have any questions or would like to discuss joining the programme, please contact the team at supplychain@newcen.co.uk.
The Supply Chain Transition programme is provided by Business Growth West Midlands and delivered by Newable, Enterprise Nation and Greater Birmingham Chambers of Commerce.
