A strong export market is a critical component of restart

Interesting report from SMMT on UK vehicle manufacturing. 

Much is made in the press about vehicle sales, and rightly so, as it includes the entire vehicle value chain, but a focus on vehicles produced offers a view on not only the state of UK manufacturers but of the component suppliers. 

Some UK suppliers have good export markets – but most do not. It means that the fate of their UK production facilities are tightly interwoven with the state of the OEM production cycles. As the UK pulls out of the crisis its worth considering how to grow UK Plc’s automotive component export market.