WEB 2023 Deloitte Automotive Supplier Study
Transforming Business Models Amidst Rising Operational Challenges
Navigating Evolving Risks and Opportunities in the Automotive Supply Chain
A recent survey by McKinsey and the European Association of Automotive Suppliers highlights the critical need for automotive suppliers to transform their business models in response to rising operational challenges.
Key Findings and Urgent Question Answered
The study explores the cardinal nodes of network structural traits and risk resilience within the supply chain. It answers an urgent question for the industry: How can suppliers adapt their operations to meet evolving market demands while minimizing risks?
Disruptive Trends and Impact on Supplier Strategies
Building on previous discussions on mergers and acquisitions and technology advancements, the study delves into specific disruptions impacting supplier strategies. These include:
- Supply chain volatility and geopolitical uncertainties
- Advancements in vehicle electrification and autonomy
- Increasing customer demands for personalized mobility solutions
Recommendations for Resilience and Transformation
The study provides actionable recommendations for suppliers seeking to navigate these challenges and emerge stronger. These include:
- Diversify supply chains and increase resilience
- Embrace digital technologies to enhance efficiency and agility
- Collaborate with industry partners and form strategic alliances
By adopting these strategies, automotive suppliers can transform their business models and position themselves for success in the rapidly evolving industry landscape.
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