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 second of four volumes. The key discussion points include ongoing supply chain disruptions, labor shortages, and regulatory compliance challenges encountered by automotive suppliers. It emphasizes the significance of technological advancements and a heightened focus on sustainability as suppliers prepare for moderate growth in 2025.
The report further highlights shifting consumer preferences towards electric vehicles, the need for increased investment in innovation, and the importance of collaboration with technology partners. It also addresses rising financial pressures due to inflation, the need for robust risk management strategies, and the imperative to close the skills gap through targeted talent development initiatives within the automotive supply sector.
