Source: Getty image/MIRROR IMAGE STUDIO

As we approach the end of yet another eventful year, we take the opportunity to assess the industry's current state by reflecting on the significant events of the past year and exploring the outlook for 2025.

S&P Global Mobility’s Matthew Beecham has engaged senior executives from 42 suppliers in the automotive supply chain for an end-of-year interview initiative. This initiative seeks to gather valuable insights into the challenges faced in 2024 and the strategies being formulated for 2025, prioritizing genuine experiences over elaborate strategies.

This report is the final volume in a four-part series. The key discussion points include the challenges faced by automotive suppliers in 2024, including economic pressures, raw material volatility, and labor shortages. It highlights developments in the shift towards electric vehicles (EVs) and the need for suppliers to adapt their product lines and manufacturing processes. The outlook for 2025 emphasizes ongoing competition in the EV market, the importance of sustainability, and the integration of artificial intelligence and data analytics to enhance operational efficiency. Collaboration between suppliers and manufacturers is also noted as crucial for aligning with modern technological requirements.

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