Tariffs, trade and technology: A new era for European automotive industry
By Victoria Johns2019-07-10T11:34:00
The European logistics sector is undergoing unprecedented change. Britain’s exit from the EU and the red tape of regulation are among its biggest challenges, delegates heard at the Automotive Logistics Global Munich conference last week.
Christoph Stürmer Autofacts global lead analyst PWC revealed that vehicle production in the UK is down 21% year-to-date, with sales down 3%, backing up the point that Brexit uncertainty has stifled investment in the automotive sector over the last couple of years.
“The UK was a hub for Europe, but that hub will become a spoke,” added Wolfgang Lehmacher, senior supply chain strategist and independent advisor. “People put hubs where volume is, and post Brexit that can’t be in the UK anymore.”…