Last year the industry’s answer was delay; this year it’s moving to countries within the union
Brexit is to blame for the collapse in car industry investment, which is down by half in the first six months of the year compared to the same period in 2017, industry leaders say. They believe the uncertainty surrounding the negotiations in Brussels, two years after the referendum vote, makes it almost impossible to invest in the UK.
Without membership of a customs union and the promise of almost frictionless trade, car companies cannot know how well-connected their UK operations will be with car plants and suppliers on the continent.
What is just in time production?
Rather than stockpiling components and raw materials, companies started in the late 1970s to buy the parts they required as close to the time of use as possible. The result was a drastic reduction in the cost of stocks and warehousing.
from Top stories | The Guardian https://ift.tt/2lz2RRJ
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