Geopolitical conflicts, the impact of climate change and the increased frequency of natural disasters are exacerbating risks. Evolving trade relationships further complicate the situation, adding to the possibility of shortages or increased costs of goods and components.
To deliver despite these disruptions, automotive companies must look at ways to rethink their supply chains and understand the ways to make them more resilient. For instance, 36% of the automotive frontrunners saw less than 1% of loss by reducing dependency on single suppliers or regions.
An insightful way forward is by looking at the strategies employed by resilient automotive frontrunners and implementing these learnings in building supply chains that anticipate problems, are responsive to market demands and ensure uninterrupted movement of automotive components to their destinations globally.
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