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Exports drive CV production in best year since 2010

SMMT

to 120,357 units in best year since 2010. Output reached its highest level in 13 years as global supply chain issues and pandemic-related challenges eased, allowing manufacturing to get back on track. UK commercial vehicle production rises 18.5% Growth in both export and domestic markets, up 25.8% respectively in 2023.

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Multiple Supply Chain Risks Accelerate Reshoring

Gary Mintchell

Supply chain problems even before the pandemic were causing a rethinking of that latter strategy. In 2021, the private and federal push for domestic supply of essential goods propelled reshoring and foreign direct investment (FDI) job announcements to a record high. The Reshoring Initiative has compiled some latest numbers.

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CV manufacturing bounces back in best April since 2010

SMMT

to 10,504 units in April, marking the month’s best performance since 2010 and an uplift after two months of successive decline. In a sign that recent supply chain shortages are easing, production ramped up to deliver the best-performing April since 2010. CV production grows 33.3% Export demand soars, rising 56.3%

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CSIRO awarded Boeing’s Supplier of the Year

Manufacturer's Monthly

Boeing , the world’s largest aerospace company, has named CSIRO , Australia’s national science agency, a Supplier of the Year for the fifth time since 2010. CSIRO was previously named a Boeing Supplier of the Year in 2018, 2017, 2016 and 2010. Learn more about CSIRO’s thriving collaboration with Boeing.

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Best November for CV production since 2007

SMMT

to 111,863 units, the best for the January-November period since 2010, in part due to new production facilities coming on stream and the ability of manufacturers to put supply chain challenges behind them. As a result, British CV production year-to-date is up 15.5%

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UK Auto makes one million vehicles and welcomes £23.7 billion investment boost

SMMT

UK must now ramp up EV supply chain and deliver return on investments. in 2023, its best growth rate since 2010, with the total retail value of all models made coming in at more than £50 billion. Mike Hawes, SMMT Chief Executive, said, Receding supply chain challenges, new model introductions and a massive £23.7

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Reshoring and FDI Up 53%, a New Record

Gary Mintchell

. · 2022 brought the total number of job announcements since 2010 to nearly 1.6 Supply chain gaps and the need for greater self-sufficiency set the stage for the current upward trend in reshoring. million. · EV batteries make Electrical Equipment the top industry.