![]() That’s where industry experts say the automotive industry needs to focus going forward. The availability and adoption of advanced technology solutions is driving the majority of the underlying trends in the auto industry.Ĭonnected cars, sensors, electrification, and new business models (including mobility-as-a-service) all take advantage of advanced technology solutions. Overall, the continuous disruptions of operations and supply chains have dramatically accelerated several underlying business and technological trends in the automotive industry. Now, automotive manufacturers are contending with shortages of semiconductor chips, which is impacting vehicle production. The lessons learned from the economic downturn in 2008-2009 ensured that automotive suppliers were better prepared, more resilient, and able to rebound. This is not the first, or even the last disruption that the auto industry has seen. Some believe that the industry, particularly automotive suppliers, learned a lot from the economic hardships of the past. ![]() During the initial pandemic lockdowns, the automotive industry was hit hard, as global supply chains ground to a halt, manufacturers and dealers temporarily closed, and people stayed home and drove less.ĭespite that initial slowdown, however, industry experts say the pandemic actually accelerated progress of digitalization in the automotive sector.
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