The world motor industry faces a new
set of challenges to its business models
and cost structures, according to Lauren
Patlansky, associate director, accounts &
business development at Ernst & Young.
The global nature of the sector is
behind some of the risks it faces in 2008.
“While new markets are joining
the global community as important
production hubs, established markets
are increasingly compelling vehicle and
component manufacturers to reconsider
their priorities and risk agenda to remain
competitive in a rapidly evolving
environment.
“The short- to mid-term outlook for
motor manufacturers remains difficult,
necessitating a sustained focus on
improvements in efficiency and cost
structures,” she says.
“Global sourcing strategies are
increasingly critical to scour the world
for low cost sources of materials and
components. However, that increases
supply chain risk, especially with ‘Just
In Time’ delivery and the associated risk
of doing business in emerging markets,”
Patlansky says.
Auto industry faces bumpy ride
31 Oct 2008 - by Ed Richardson
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FTW - 31 Oct 08
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31 Oct 2008