The UK’s administration rules contain loopholes that are a risk to production and that perceived risk is a contributory factor to customers choosing to source parts away from UK-based suppliers
The administration process will often trigger contractual clauses that allow both customer and supply contracts to be terminated. They can also provoke difficulties with landlords, and there is no obligation on a trade (or other) supplier to continue to provide product to the ‘Newco’.
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The automotive industry needs to adapt to new consumer trends and reorganise its inventory management and delivery strategies
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