Lean inventory doesn’t sit well with supply volatility. The chip shortage, as well as the pandemic, have been a wake-up call for supply chain managers.
There’s a push for more digitization and a growing need for more software as more EVs emerge and more self-driving capabilities are added to cars. Automakers are finding themselves without the expertise to fulfill the need for connected services and AI insights.
Reshoring had been in a slump the past decade, but 2020 saw it increase by more than 45%. As companies look to bring home operations, nearshoring will be on the rise.
OEMs will be able to close the gap that Tesla created with the help of energy policies from the White House and infrastructure already set in place.
Dealerships across the nation are already feeling the pressure of low inventory levels. A chip shortage is turning up the heat even more.
With 2020 in the rearview, there are promising signs that point towards industry growth if one crucial thing takes place: tight inventory levels need to be replenished.
Automakers have put a high priority on EVs as the world shifts to cleaner modes of transportation. With demand for EVs forecasted to rise, the demand for rare earth metals used in both EV drivetrains and batteries will definitely be on the rise as well.
There’s so much change happening around the world as society advocates for sustainable and clean transportation. Although a lot of the hype generated from EV development is deserved, some people believe EVs are overhyped, including Toyota President Akio Toyoda.
It’s safe to say that Apple has a major portion of the electronic market on lockdown. Apple’s next strategic move? Developing its own self-driving car and taking it to the streets by 2024. No joke.
After months of anticipation, COVID vaccines are finally rolling out across the country. However, both GM and Ford have decided against a mandatory vaccination policy.
