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?
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.
Vendigitial provided supply chain management expertise to Envisage Group, as they answered the Government’s call to assist in the production of more ventilators to support the urgent needs of the NHS during the Covid-19 crisis.
Northern Rail’s nationalisation is yet another reminder that the industry’s franchise model is flawed. In order to deliver the service and improvements needed, longer-term thinking and improved collaboration between key stakeholders are urgently required.
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.