Question: There is an immediate need for granular supply-chain intelligence and proactive risk mitigation through collaboration and focused intervention, to prevent UK aerospace, automotive and other
There is an immediate need for granular supply-chain intelligence and proactive risk mitigation through collaboration and focused intervention, to prevent UK aerospace, automotive and other SMEs from getting into unrecoverable financial difficulties. Following the recent COVID-19 pandemic, combined with drastic policy changes because of BREXIT, the Aerospace, Rail and Automotive sectors identified over-reliance on overseas supply-chains, emphasising need for onshoring and establishing localised ecosystems which will protect UK jobs and reduce carbon footprint. COVID-19 decimated these sectors and there is now a government requirement to protect skilled jobs and the future of supply-chains by accelerating cross-sector collaboration with other manufacturing sectors such as Rail and Logistics. To mitigate these impacts, UK aero/auto manufacturing businesses can no longer work in silos and compete as individual organisations. Instead, they must connect and collaborate with customers and suppliers so that they can compete as integrated, cross-sector manufacturing ecosystems, which enables organisations
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
