Cost-efficiency push fuels consolidation
Automotive Logistics
Automotive manufacturing is concentrating on the development of single-site sourcing and transnational production, requiring a wider range of capabilities from logistics contractors, and investment, ” said Tibbett & Britten chairman and CEO John Harvey, while announcing the group’s withdrawal from the sector, back in May, with the sale of its £150m (€239m) turnover Axial automotive logistics subsidiary to AutoLogic.
According to Harvey, the group has grown so much that “the competition for financial and management resources has made it increasingly difficult to give Axial the focus necessary to develop the business”.
