FUTURE TRENDS OF AUTOMOTIVE INDUSTRY
The Automotive industry is at a pivotal moment. Evolving consumer expectations, the shift towards emerging Electric Vehicle adoption and advanced technologies demand a fundamental transformation in the automotive Supply Chain. While substantial investments in AI driven solutions are crucial for maintaining competitiveness, the industry grapples with increasing volatility in both Supply and Demand, impacting profit margins and overall enterprise performance. Against this backdrop, automotive manufacturers are re-assessing their Supply Chain and Procurement strategies, turning to EMT SCM’s consultative solution.
EMT SCM works closely with leading automobile manufacturers worldwide to optimize Supply Chain effectiveness, adopt agility and influence evolving technologies. Our knowledgeable automotive specialists, Engineers, Transformation consultants, Supply Chain technologists and data scientists work together to provide tailored Supply Chain and Procurement solutions, empowering our clients to thrive in dynamic market conditions.
Key Trends to Look
- Adoption of Electric Vehicle – The automotive industry’s shift toward Electric Vehicles is gaining momentum. Suppliers must adapt their production processes to support EV components and technologies
- Increased pre-owned vehicle sales – As consumers seek affordability, pre-owned vehicle sales are on the rise. This trend impacts supply chain logistics and availability of spare parts
- Digital Automotive Sales Surge – Online sales channels are becoming increasingly important. Suppliers need robust e-commerce strategies and efficient digital Supply Chain to meet customer demands
- Nearshoring and Reshoring – Companies are re-evaluating global Supply Chain locations. Nearshoring (locating production closer to the market) and reshoring (bringing production back to the home country) are gaining traction
- Innovative marketing approaches- Suppliers are exploring creative ways to engage customers online. Digital marketing and personalized experiences play a crucial role in reaching consumers
- Collaborative Supply Chain models- partnerships and collaboration across the Supply Chain enhance efficiency and resilience. Close cooperation with Original Equipment Manufacturers (OEMs) and other stakeholders is essential
Our Approach
At EMT SCM, We recognize that velocity and responsiveness are significant for Automotive Original Equipment Manufacturers (OEMs) and their broad supply systems. The business shift from internal combustion engines to electric vehicle manufacture, along with the advent of zero-emission smart factories, has transformed the view. Financial, operational and Supply Chain risks have deepened, remarkably with new competitors entering the field.
We join forces closely with companies to define Supply Chain dynamics based on specific products, customers and parts. This differentiation allows tailored treatments to meet realistic service objectives.
Our solution and services offerings for the Automotive Industry include:
- Digital Working Capital Solutions
- Source to settle Advisory Services
- Advanced Analytics
- Supplier, Enterprise and Third Party Risk Management
- Strategic cost management and Indirect Spend reduction
- Digital Master Data Management
- Digital Procurement Transformation
- Sustainability Solutions in Procurement and Supply Chain
- Digital Supply Chain Optimization (including restructuring services and integrated planning model design)
- Supply Chain Planning (Business Process Outsourcing)
