In the current business environment, in the absence of market growth, reducing operational costs is the only way for automotive suppliers to ensure competitive advantage. The automotive industry’s new normal requires rethinking strategy and redesigning the operating model to overcome production challenges and seize business opportunities.
Despite instability, new opportunities are emerging. Many industry players are leveraging new technologies to improve plant operating efficiency. To remain competitive and keep pace with digital transformation in the 4.0 era, reinvesting in the manufacturing base will prove critical.