Some analysts believe the car ownership model could soon be back in the ascendancy due to COVID-19. Suddenly, ride-hailing and other shared mobility options seem less appealing to many of us. What impact is this having on the automotive industry and are there any supply chain implications?
The aerospace industry could never have predicted the crisis that has unfolded this year. With airlines grounded and international travel restrictions only now beginning to lift slightly, demand for replacement aircraft has plummeted and could take several years to recover.
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.