Onshoring could prove a rewarding post-pandemic recovery strategy for many UK-based OEMs, but are they ready to take advantage of this value-driving opportunity?
The Covid-19 pandemic has had a cataclysmic effect across all sectors, forcing manufacturers to react quickly to continue to meet market demand. In the first of a series
Vehicle manufacturers and Tier 1 and 2 component manufacturers should avoid severing relationships with businesses further down their supply chains and look for ways to support them on the way to recovery. Doing so could give them a competitive advantage as the pandemic starts to subside.
Re-making, re-engineering, and transformation are all terms the auto retail sector was discussing before the crisis. The corona virus is offering a real opportunity to turn this rhetoric into reality. If there was ever a moment “not to waste a crisis”, it is now.
With the COVID-19 coronavirus pandemic impacting global supply chains, concerns are growing that some automotive OEMs could be forced to switch components or find alternative sources of supply.
Accessing and organising data, which is both reliable and capable of delivering valuable business insights, is a constant challenge for high-value manufacturers.