When the UK is confronted with unprecedented financial and political turmoil impacted by wider international occasions, it’s virtually inconceivable to achieve the readability wanted for efficient enterprise planning, however economist Dr Rebecca Harding will try and slice via the uncertainty at Automotive Management Live 2022 this Thursday.
Taking to the stage as a part of the Inspiration Theatre at AM Live, which takes place at Birmingham NEC, Harding will present attendees with a complete understanding of home and international elements which can be impacting the automotive trade and the impression on the UK franchised community.
Probably the most revered worldwide economists immediately, Harding will define international challenges because the Russian warfare in Ukraine is affecting the availability chain, vitality prices and value rises. Different elements proceed to have an effect, such because the Ever Given, which ran aground within the Suez Canal in March final yr for the reason that route is significant for transport between China and Europe including to provide chain woes.
Nearer to dwelling, issues going through automotive retail together with traits round shopper borrowing unsecured lending and actual wages; the industrial property sector; and selections by OEMs comparable to BMW’s announcement that the electrical Mini shall be made in China, shall be examined.
Harding, a former chief economist on the British Banking Affiliation mentioned: “To some extent retailers are victims of all this reasonably than people who find themselves ready to impact a change however what enterprise leaders have to do is perceive the way it all impacts their sector and their very own franchises.”
She will take a more in-depth take a look at a number of the alternatives sellers might have comparable to reacting to individuals’s issues and assembly the wants of consumers seeking to downsize their car, cut back their month-to-month repayments with a inexpensive car or swap to a extra fuel-efficient mannequin.
She added: “This shall be a chat which delivers a really sensible understanding of what’s occurring on this planet and the way it’s related to your corporation as it may be very complicated and even overwhelming. I’m hoping to supply a second of readability whereby audiences can take away some insights and apply them to their enterprise to assist them cope with the state of affairs on a really sensible degree.
“I’m aiming to sift via all the knowledge in order that they don’t should, however in a means that helps automotive retailers going ahead.”
AM Reside is free for retailer and producer delegates by registering for entry via the AM Live website.