Developments such as connectivity, automation, and electrification can lead to probably disruptive modifications for the trade, especially when coupled with stricter laws and a unstable economic surroundings. Cars have turn into “computers on wheels”, using Lithium Ion batteries and gasoline cells for energy storage and new light-weight supplies corresponding to carbon-fibers and plastics as a substitute of metal. Along with new applied sciences, new business models and new rivals are challenging traditional Automotive players, making non-linear considering in larger methods obligatory. In order to reflect on how the longer term may unfold and to develop sturdy, successful methods, new know-how efficiency and price developments need to be understood and eventualities have to be built. The new focus on software and services signifies that firms must adapt their business fashions, their organization, and processes accordingly.
SMMT represents the UK automotive business through the membership of corporations concerned in design, idea, manufacture, …