The automotive sector is extremely important to the UK. It employs 129,000 workers and is worth £11.2 bn. to the economy. A new vehicle runs off a UK production line every 20 seconds, and by 2017 it is forecast production will exceed 2 million vehicles a year. Moreover production plants are located throughout the country, often in locations with high unemployment.
Hence the government has developed an industrial strategy aimed at supporting and encouraging this industry sector – an executive summary of which can be found here. This strategy is focused on four main areas, all related to the field of OM:
- encouraging innovation and R&D, especially amongst small and medium sized enterprises in the automotive supply chain;
- developing the capability of UK firms in order to increase the proportion of parts supplied to the sector from within the UK;
- developing the human talent pool needed to support the sector;
- creating a business environment that supports the industry.