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How mobility companies are preparing for demand rebound

How mobility companies are preparing for demand rebound

FromAdvanced Manufacturing and Mobility Business Minute


How mobility companies are preparing for demand rebound

FromAdvanced Manufacturing and Mobility Business Minute

ratings:
Length:
11 minutes
Released:
Aug 3, 2021
Format:
Podcast episode

Description

In this episode, Akshi Goel, EY Global Advanced Manufacturing & Mobility Analyst, explores the top market forces and provides a perspective on shifts in the mobility sector. The global automotive sector is witnessing mixed recovery in 2021. Some markets are gaining traction, while others reflect demand pressures due to partial or complete lockdowns during the pandemic. While the US is showing strong demand rebounds as vaccination rollouts continue, Europe is expected to witness growth in the second half of 2021, following widespread vaccinations. Manufacturing is likely to remain stressed through 2021 owing to increased volatility and disruptions in the lower tiers of the supply chain. Therefore, for mobility companies looking to stay ahead of the curve, the best course of action is to stay responsive to changes and futureproof their existing supply chain strategies. Key takeaways: Demand patterns is the top market force this quarter. E-commerce continues to drive demand for logistics and commercial vehicle companies. Product design and innovation is the top company response this quarter. Driven by tightening emission regulations across markets and consumer demand for green mobility, automakers are investing in green mobility manufacturing and deployment. Overall, the mobility industry has developed a clear view of supply chains, but it continues to operate in reactive mode. Organizations could stay ahead of the curve by being resilient and planning effectively to minimize the impact of the next disruption.
Released:
Aug 3, 2021
Format:
Podcast episode

Titles in the series (30)

Join our Advanced Manufacturing and Mobility leaders as we explore the critical business issues impacting our industry today. We also discuss reshaping the future, including the effects the COVID-19 crisis is having on our industries, and offer practical insights on how to move forward into the new normal.