This report analyzes the impact of the pandemic on the auto mobile industry and develops survival or success factors of the respective industry. The report covers the effect of the pandemic situation on the auto mobile industry, survival or success factors of the respective industry, and more.
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Environmental analysis of an industry
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Table of Contents INTRODUCTION............................................................................................................................3 Impact of pandemic on auto mobile industry...............................................................................3 Survival and success factors of the auto mobiles industry............................................................5 CONCLUSION.................................................................................................................................7 REFERENCES...................................................................................................................................8
INTRODUCTION Environmentalanalysis is a strategic tool, this method is used to spot all internal and external part of the organisation which may have an impact on the business performance. By this analysis,anorganisationassessamountofthethreatandchancetheelementsmaygift. Traditionally, theenvironmental analysis of an industry is second phase of organisational strategic analysis. Main purpose of this is to determine level of the competitive pressure business organisational is likely to exposed to in foreseeable future. The industrial analysis is essential responsibility of the business analyst(ALBU,2018).This study is about a specific industry for understanding its future outlook which is based on the past trends and demand supply mechanics. The considered company for this report is Jaguar,which is a car manufacturing company in England. This report will cover the effect of the pandemic situation on auto mobile industry and also develop survival or success factors of the respective industry. Impact of pandemic on auto mobile industry Break down of the COVID 19 pandemic impact the company's progress and action ratio vastly. It is analysed that several industries were get effected due to the pandemic. All industries were influenced by this as they faces issues of transportation and lacking of the resources as government had laid down many regulation and restriction during lock down. Due to this, the outgoingandincomingoftransportationalsorestricted.Therewasareductioninprofit, production in auto mobile industry during pandemic.Jaguar also face loss due to the lock down as it minimize its sales and revue. This company had recorded the substantial impact of COVID 19 on its business operation(Blažek, Bělohradský and Holická, 2021). Supply chain-As there was a restriction on the transportation due to which all auto dealers had to face several difficulties in this time period. Many big companies had invested a large amount in order to makes their supply chain network more effective, but due to the pandemicall of them had to face many issues in COVID 19 . Likeother automotive manufacturing,Jaguar also experienced disruption in its supply chain due to the pandemic. Global availabilityof the semiconductors impact the respective company's production schedule and ability to meet the global demand for their vehicle(Tor, 2021).
Sales-COVID 19 impacted the sale's graph of the auto mobile industry very badly. In context of theJaguar, its sales were effected across the world wide, including China, UK, North America and many other during pandemic. There is an unprecedented disruption in the automotive sector in 2019-20. Despite, the impact of Brexit, shifting consumer tastes, regulatory changes and ongoing trade tensions, Jaguar's sales were viewing improvement until pandemic hit. But after COVID 19, the respective company has suspended its production temporarily(Flegontova and Ponomareva, 2020). Technology- in 2019, due to them pandemic, the automotive industry started to shrink globally. The COVID 19, hit the automotive industry which resulting that the car industry had to face high overcapacity in some nation. It also impact the technology due to which there is a shift toward electrical power impacted business performance. In context ofJaguar, it get impacted because of the latest trend of the autonomous driving and electric mobility. Due to this, trend of the e commerce was raised as in locks-down, customers start looking online to purchase car. Liquidity-during COVID 19, the financial firms of auto mobile industry face heavy burden due to increment in the loan evasion, fallen down in new loan and complexities to decide customer's credit value. Cash become very critical during this time period. Pandemic had put tension on used cars, mobility solution and after market supplier. Therefore, several financial challenges effect company's transformational investment in connected electrical mobility and autonomous. Strategy-Because of the pandemic, there was a reduction in the customers requirement regarding vehicles. In context of Jaguar, there was a sharp fall in demand of the customers for its auto mobile products as there was a change in the customer's attitude in response to being in COVID 19 such as they start to buy online the vehicles due to which there was a less mobility remain after passing this crisis. Cyber security-Automotive sector is technologically advanced industry withinnovative ranging fromelectric, hybrid and the self drivers smart cars.Beforepandemic, automatise industry were facing operational inefficiency and many other security issues or problems which lead tocyber attacks, incidental losses, unneeded casualties andinflated price for service and parts. In context to Jaguar, there are two kind of the cyber security's risk which are breached the software company and aninfiltration of the organization network. These cyber security risk are
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related to with the COVID 19, all these risk separated in two main impacts that are the direct and indirect impact of the COVID 19 related risk Workforce-It is analysed by the Bureau OF Labour Statistics, That auto maker and all the supplier used employees which are more than approximate one million in United State. Labour's welfare is major concern for corporate leaders. But, due to the COVID 19, many workers get sick that resulted a reduction in the manufacturing capabilities(Łąckaand Suproń, 2021). Survival and success factors of the auto mobiles industry. In the changing business environment, some growing tendency are taking place toward over the complications. Therefore, it is essential for all the organisation that they focus on main survival and success factors for their business growth. The critical success and survival factors are very important components for the organisation as they contribute highly in attaining their business goals. Due to the CPVID 19, there is a great impact on performance and progress of automotive industry. Regarding the consistency to survival and success in market place, it become significant for the organisational managementthat they should take some appropriate and effective step to resolve and outcome the impact of pandemic(Lawrie and Tsetsekos, 2021). During the restriction in COIVD 19, there is drastically slow does on business and their supply chain. To overcome by all these challenges the origination had to adopt survival and success factors. In context of the Jaguar, it had also adopt some survival and success factor which are discuss below: Innovation-Artificial intelligence is consider as a most growing and successful trend of any business organisation as it make enable the commercial organisation to increase their workproductivityandperformanceinordertoaccomplishedgeovertheirother competitorsswithinmarket.Utilisationoftheroboticstechnologiesandartificial intelligencearemodifiedeffectivelysothatthecompaniescancarryouttheirall operational activity efficiently. Innovation impact all areas of an organisation including manufacturing industry, supply networkings and other department too. Main purpose of innovation automotive industry is to become very effective and progressive in their files. In relation to the Jaguar, by using their robotic technology and artificial intelligence they attract a large number of the customers(Singh and et. al., 2021).
Distribution network-More critical success factor of the automotive firm is their strong distribution network. Because truck and cars are not sold to customer in a direct manner, auto manufacturersrely on the franchiseddealership in order to provide the local showrooms. It is essential the all these dealer must be reputable and knowledgeable to sell cars, that is important for auto makers. Flexibility- Elusive critical factor of the success fro automotive industry us ability of flexibility. In context of Jaguar, its car buyers may changes their purchasing habits rapidly in responseto elements like economy's state, fuel's price and other new automotive technologies. Therefore, it is very significant for the automotive that they remain attentive to all these trends and also keep in place any system which can adapt rapidly for creating new products to meet current and future need of the customers.(Marques, . and et. al., 2019). Use of digital platforms is the another important factor which facilitates high rate of successfortheJaguarinCOVIDpandemic.BecauseinCOVIDduelockdown organization face lot of problems for maintaining connectivity with new and existing customers. Due to various barriers company are not able to open their showrooms for long time. This create negative impact in the minds of the consumers towards the organization and also enhanced the chance for decreasing sale and revenue of the organization. Due to this management initiated some strategies in digital way for reducing this problems and also for enhancing the profit of organization in long run. It includes use of official websites, displaying their vehicle accessories through online mode and also facilitating luxurious and automated features in their product. Due to these features consumers easily attracted to buy their product. Their product description are popularised in various social media which includes Facebook, Instagram, twitter and so on. The other important fact is that this company focused on the middle and upper class customer segment due their price (Shen and et. al., 2019) Secondly due to heavy investment in the research and development department and advertisement for increasing their organizational profit and product popularity. It means that when organizationmaintainedtheirpopularityof product in marketthen only consumers avail their services in difficult situations easily. As I mentioned above Jaguar is only target upper and middle class customers. Due to the heavy investment company
developed the unique product which istotally different from other competitors. For launching this type of product organization used the advertising activity in high quantity with the help of famous actors. This type of strategy effects the youth generation in large number because only these generations have craze for driving the vehicles . Thirdly change in climate refers to impact given by the auto mobile industry on the earth atmosphere. In this stage environment are highly polluted by the dangerous chemical gases which was polluted by vehicle of jaguar. Therefore it is necessary for management that they must develop fuel efficient engine or use new technology in their vehicle for reducing the pollution rate in atmosphere. With help of this strategy the heath of the living organisms are also get increased easily. Because due to use of updated engine pure oxygen are received by employees in workplace area. It leads to increase the work efficiency and productivity of employees for long time(Xie and et. al., 2021). CONCLUSION After the evaluation of above information it concluded that COVID pandemic create major threat in all activities of organization. Due to this company faced various types of challenges for enhancing their sales and profit with help of their product. In covid pandemic due to well established infrastructure communication are effectively maintained with customers.
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REFERENCES Books and Journals ALBU, M., 2018. Considerations regarding environmental aspects of risk management in the oil and gas industry. InAdvanced Engineering Forum(Vol. 27, pp. 213-218). Trans Tech Publications Ltd. Blažek, J., Bělohradský, A. and Holická, Z., 2021. The role of tier, ownership and size of companies in value creation and capture.European Planning Studies, pp.1-20. Flegontova, T. and Ponomareva, O., 2020. Transforming Global Value Chains In the Context of theCOVID-19Pandemic.MonitoringofRussia'sEconomicOutlook:trendsand challenges of socio-economic development. Moscow. IEP, (7), pp.20-26. Łącka, I. and Suproń, B., 2021. The impact of COVID-19 on road freight transport evidence from Poland.European Research Studies,24, pp.319-333. Lawrie, M. and Tsetsekos, G., 2021.Business Leadership in Turbulent Times: Decision-Making for Value Creation. Archway Publishing. Marques, C.S. and et. al., 2019. Innovation as a booster of rural artisan entrepreneurship: A case study of black pottery.International Journal of Entrepreneurial Behavior & Research. Shen, N. and et. al., 2019. Different types of environmental regulations and the heterogeneous influence on the environmental total factor productivity: Empirical analysis of China's industry.Journal of Cleaner Production,211, pp.171-184. Singh, S. and et. al., 2021. Impact of COVID-19 on logistics systems and disruptions in food supply chain.International Journal of Production Research,59(7), pp.1993-2008. Tor, N., 2021. Corona and Art in Mersin. InA New Social Street Economy: An Effect of The COVID-19 Pandemic. Emerald Publishing Limited. Xie, L. and et. al., 2021. Environmental regulation and energy investment structure: Empirical evidence from China's power industry.Technological Forecasting and Social Change, 167, p.120690.