Automotive sector 'offers £3bn in supply chain opportunities'
- Published on Wednesday, 15 August 2012 12:31
- Posted by Scott Buckler
The government has pointed out that the UK's automotive industry offers a potential £3 billion worth of supply chain opportunities
A new survey examining commodities in the sector has been published by the Department for Business, Innovation and Skills, indicating vehicle manufacturers are looking to source a range of key components in the UK, including upholstery, tyres, electronics and steering systems.
According to the Society of Motor Manufacturers and Traders (SMMT), the survey "demonstrates the value and scale of opportunities available", with SMMT chief executive Paul Everitt noting there is significant capability already existing in Britain for some components, but further inward investment is needed in other areas to meet demand.
He advocated taking action to close "these valuable sourcing gaps" in order to secure the "future prosperity of the wider automotive industry".
The study follows an announcement by Jaguar Land Rover that it is increasing production at its Halewood plant on Merseyside to 24 hours in order to cope with levels of demand for new vehicles.
Source: ©CILT UK