Major competitive and change factors faced in the automotive industry are as follows. Deloitte professionals can help you make the optimal decisions in order to enhance growth.
We have serviced many of the local automobile manufacturers along with key component manufacturers to establish global business strategies and optimize SCM. We are the leading total consulting provider for the automotive industry.
- Cost reduction focus driving OEMs intense competition continues driving restructuring and global sourcing strategies
- Globalization dispersed, complex, global value chains are challenging the OEMs’ capabilities and financial performance as industry looks to emerging markets for growth
- Heavy regulatory pressures mandate for improved fuel efficiency and emissions standards
- Volatile supplier environment - continued Detroit Three market share erosion and restructuring are causing bankruptcies and consolidation among suppliers and a larger role for Private Equity
- Adapt to changing supplier landscape - consolidation impacting supply chain, increasing the risk of supply chain disruptions
- Going green - emergence of hybrid electric vehicles and other alternative fuel models and environmentally-friendly technologies