4 ms·

> Today, it shares the complex ‘just in time’ outsourcing and parts delivery model seen in the world of car manufacture. The drastic fall of Sterling, as well a

by alehul 7y ago

> Today, it shares the complex ‘just in time’ outsourcing and parts delivery model seen in the world of car manufacture. The drastic fall of Sterling, as well as the uncertainty over future trading arrangements with the European Union, have increased both present costs and future risks for the firm. This has made it increasingly hard to win contracts outside of the UK. - low-valued GBP increases costs of parts from abroad - uncertain trading agreements increases risk, likely increases costs higher - uncertainty also decreases ability to win international contracts

Gravityloss 7y ago
Wouldn't it make exporting a lot easier, since you can sell at a lower price than competitors?
- joveian 7y ago
  I didn't see numbers but IIUC a major issue was that they had a generally bad reputation and did most of their sales in the UK. It sounds like they priced in UKP. Others maybe considered it an opportunity, however as part of the looting the owners set up a different company that owned the land. That company was not being sold and demanded a fairly high rent, so the two potential buyers decided to pass at the last minute. https://www.bbc.co.uk/news/uk-northern-ireland-49854380 https://www.bbc.co.uk/news/uk-northern-ireland-49854380 It looks like they did get a deal once they agreed to sell the land and may be up and running again soon: https://www.bbc.co.uk/news/uk-northern-ireland-50143581 https://www.bbc.co.uk/news/uk-northern-ireland-50143581 The real issue here was the company being looted by the owners and brexit at most made it harder for them to continue looting. The submitted article is obviously completely ignoring the main issues. There are probably better descriptions of the real issues around, but the best overview I saw (not at all a neutral source but with sources for most claims): https://threadreaderapp.com/thread/1175358929162907648.html https://threadreaderapp.com/thread/1175358929162907648.html Or see the BBC coverage: https://www.bbc.co.uk/news/topics/c2y152g95yxt/wrightbus-administration https://www.bbc.co.uk/news/topics/c2y152g95yxt/wrightbus-adm... I saw a couple of those links from discussions on Slugger O'Toole that have some good comments but rather low signal/noise ratio for someone just interested in this issue. https://sluggerotoole.com/2019/09/28/the-problem-with-earthly-blind-faith/ https://sluggerotoole.com/2019/09/28/the-problem-with-earthl... https://sluggerotoole.com/2019/09/25/1200-jobs-lost-as-wrightbus-enters-administration/ https://sluggerotoole.com/2019/09/25/1200-jobs-lost-as-wrigh...

by alehul 7y ago

Gravityloss 7y ago

Wouldn't it make exporting a lot easier, since you can sell at a lower price than competitors?

joveian 7y ago
I didn't see numbers but IIUC a major issue was that they had a generally bad reputation and did most of their sales in the UK. It sounds like they priced in UKP. Others maybe considered it an opportunity, however as part of the looting the owners set up a different company that owned the land. That company was not being sold and demanded a fairly high rent, so the two potential buyers decided to pass at the last minute. https://www.bbc.co.uk/news/uk-northern-ireland-49854380 https://www.bbc.co.uk/news/uk-northern-ireland-49854380 It looks like they did get a deal once they agreed to sell the land and may be up and running again soon: https://www.bbc.co.uk/news/uk-northern-ireland-50143581 https://www.bbc.co.uk/news/uk-northern-ireland-50143581 The real issue here was the company being looted by the owners and brexit at most made it harder for them to continue looting. The submitted article is obviously completely ignoring the main issues. There are probably better descriptions of the real issues around, but the best overview I saw (not at all a neutral source but with sources for most claims): https://threadreaderapp.com/thread/1175358929162907648.html https://threadreaderapp.com/thread/1175358929162907648.html Or see the BBC coverage: https://www.bbc.co.uk/news/topics/c2y152g95yxt/wrightbus-administration https://www.bbc.co.uk/news/topics/c2y152g95yxt/wrightbus-adm... I saw a couple of those links from discussions on Slugger O'Toole that have some good comments but rather low signal/noise ratio for someone just interested in this issue. https://sluggerotoole.com/2019/09/28/the-problem-with-earthly-blind-faith/ https://sluggerotoole.com/2019/09/28/the-problem-with-earthl... https://sluggerotoole.com/2019/09/25/1200-jobs-lost-as-wrightbus-enters-administration/ https://sluggerotoole.com/2019/09/25/1200-jobs-lost-as-wrigh...