The independent report by research group AutoAnalysis, commissioned by SMMT, reveals encouraging prospects for the UK automotive supply chain with the majority of volume car manufacturers with UK plants showing a strong interest in sourcing more locally-built components. The report noted the increased opportunities arising from a shift to a low carbon economy and suggested that component manufacturers prepare now for the requirements of future model production
The report cited a tactical shift to benefit from a favourable exchange rate; the minimisation of the vulnerabilities and logistical costs associated with an extended supply chain; the UK’s labour flexibility and positive industrial relations; and the sourcing of new technologies for ultra-low carbon vehicles as reasons for the strong interest in sourcing more locally built components.
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