Mitigate shocks and imbalances in global supply chains

Global supply chain disruptions have had a huge impact on the mobility industry over the past few years, with more than 3 million vehicles lost in 2022 due to supply chain shortages. With its transition to software-defined vehicles and electric vehicles, the automotive industry has begun to adopt best practices from Industry 4.0 manufacturing in consumer electronics and other high-tech industries. Therefore, as the supply chain becomes more complex, the optimization and upgrading of the entire system requires a joint effort across industries.

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One solution is to follow the concept of “True Demand” to enhance supply chain visibility through transparent cross-industry data sharing and collaboration. The Real Demand Alliance is the result of a collaborative effort among manufacturers, component manufacturers, distributors, and other electronics supply chain stakeholders to solve the challenge of demand forecasting. By partnering with independent third party (ITP) organizations, these organizations are able to receive and analyze data from different stakeholders, breaking down traditional data silos to make more accurate predictions and recommendations about future needs.

The future of mobility will continue to revolve around core concepts of safety, inclusion and sustainable innovation. Similarly, as technology advances and vehicles become more complex, deep collaboration between partners in the mobility ecosystem must keep up with industry momentum. At this time, the company only through joint innovation, coordinated development, and the development of flexible solutions to the market, in order to lead those independent suppliers, in the market competition to win the first. As an interdependent collective ecosystem, we are well positioned to overcome today’s challenges and write a new chapter in mobility.