Auto industry value chain

This report locates that the automobile business plays a vital part within the Tennessee economy and explores this new competitive environment that challenge their state moving forward.

Advanced industries (AIs) such as the automobile sector—with its considerable R&D financial investment and STEM-worker intensity—are essential simply because they drive regional and nationwide prosperity in the United States. For its component, Tennessee’s car business has led the state’s post-recession recovery and has now were able to increase its share of united states automobile production employment since the Recession.

The geography of united states car business work has actually experienced substantial changes over the past 2 decades:

However, with fundamental alterations in the global automobile industry ratcheting up competitive pressures, Tennessee will need to find brand new ways to contend in the years ahead. Most notably, hawaii like other areas should enhance its conventional prices benefits with a new focus on workforce quality and technology development.

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• Following a tumultuous ten years, Tennessee’s automobile industry retains significant energy
• But disruptive forces when you look at the global automobile business pose competitive challenges when it comes to Tennessee sector
• Inside context with this brand new competitive environment, Tennessee business and government should collaborate to enhance and improve the car industry