The transition to smarter and more flexible manufacturing is an ongoing effort by these leading automotive suppliers.
The Mexican car market is equally as large as it is varied. Forty-two different makers have representation in the market, having produced over 400 models, making Mexico one of the most diverse automobile markets in the world.
According to the International Energy Agency (IEA), about 3 million new electric cars were registered in 2020. For the first time, Europe beat out China with 1.4 million new registrations. China had 1.2 million, and the United States had 295,000.
Despite the challenges raised by COVID-19, South Korea's excellent human capital, adoption of high-value manufacturing, and exceptional ports are well positioned to stabilize the industry and allow the country to maintain a prominent position in the ...
According to IHS Markit, the Italian automotive industry will recover much faster than other sectors of Italy’s economy, which can be demonstrated by the fact that Italy will reach pre-COVID-19 growth in manufacturing as early as 2022.
The message to car manufacturers and energy suppliers is to grab this opportunity to invest in the necessary infrastructure to support electric vehicles, as the number of drivers using such cars is expected to rise significantly.
While Vietnam currently features a low automobile ownership rate, Vietnam's growing middle class is expected to increase demand. COVID-19 may have stunted growth of the market in the short term; however, the continued development of the country's middle...
As India navigates recovery from the impact of COVID-19, automakers are attempting to pursue localization for their value chains, implement digitization efforts, and incorporate Industry 4.0 efforts to shop floors.
The German auto supply chain has already suffered disruption as a result of the COVID-19 pandemic, and while this supply chain is projected to recover, there will be inevitable shock waves felt from the lockdown in both the short- and long-term.
Japanese industrial manufacturers are being encouraged to not exclusively rely on China but instead to also find a “plus one” country to shift production into – if not back into Japan itself...