Automotive sector ‘may be set back by 10 years’
3 April 2012
Restructuring of supply chains to cope with the impact of the US attacks could set the automotive industry back 10 years, said an industry analyst.
Peter Cooke, professor of automotive industry management at Nottingham Business School, said global manufacturers’ movement towards single sourcing could be reversed.
“Manufacturers based in the US could become more insular,” he warned. “The European operations could be forced to use suppliers only within the euro-zone and extra security could lengthen delivery...