Automotive

The Actify C3 Summit Highlights An Imminent Automotive Supply Chain Crisis

Popular annual conference of stakeholders in the automotive industry, Actify, is set to identify the next automotive supply chain crisis in the 2022 edition of the event.

The Actify Summit has become increasingly popular over the years as a congregation of the major stakeholders in the automotive industry, creating a platform for customers to interact and see the latest developments from Actify. The 2022 edition of the event will not be any different, as organizers aim to foster industry understanding and dialog regarding the program launch and execution challenges inherent in the Electric Vehicle (EV) revolution. Tagged The Rising Tide of Electric Vehicles, the goal of the 2-day virtual event, which will be held on May 24 and 25, 2022, is to identify the requirements for OEMs and suppliers to successfully ride the EV wave.

Overview Of The Global Automotive Industry

The automotive industry has witnessed a series of evolution over the years, with the emergence and increasing popularity of electric vehicles (EVs) practically championing the cause in recent times. Almost all automakers are looking to launch an EV counterpart to their internal combustion engine (ICE) model, as the world moves to greener energy solutions with the goal of reducing emissions. One of the major challenges that could arise from the increasing demand for EVs is the hidden bottleneck in the automotive supply chain that could cause major issues for OEMs and suppliers. The complexity of the automotive program management, the collective process used by suppliers to design and launch components’ part production, has been identified as the factors that industry stakeholders should look at to improve the supply chain. Consequently, the Actify C3 Summit is looking to help OEMs, suppliers, and even consumers to avoid a potential disaster by offering a platform to discuss how to manage the onslaught of new Electric Vehicle programs during the event.

Identified Problems With the Automotive Program Management

The automotive program management is a crucial part of the supply chain that encompasses different tasks, including the launch of new programs, quality, on-time delivery, profitability and constant communication with OEM customers and internal departments for the tracking and management of every stage of the manufacturing process. However, automotive supply chain capacity can be constrained by the capacity and efficiency of program launch teams, with new challenges further exacerbating the problem and jeopardizing the accelerated timeframes for EV production that OEMs seek.

Automotive programs are seemingly getting more complex and difficult for managers to execute successfully, with some of the challenges faced including the complexity of the industry and the position of managers as well as human limits on scalability. While the challenges will remain, managers can put in measures to ensure they do not lead to a disaster, with collaborative partnerships, tech-driven simplified solutions and automation, as well as a wise choice of partnership among the several ways of managing the situation to get the desired results.

The Covid-19 pandemic undoubtedly revealed the lapses in several industries and the automotive market was not particularly left out. It particularly exposed the fragility of the global supply chain and the need for major stakeholders to take action to avoid a major disaster. While some are learning from the crisis to beef up their team and resources to ensure enhanced productivity, others still seem stuck in the past. However, Actify C3 Summit aims to bring all the different possibilities to bear, with the goal of ensuring that suppliers, OEMs, and other stakeholders in the automotive industry start prioritizing program management and position themselves to navigate the challenges of an evolving industry, especially in the new era of electrification.

For further information about the Actify C3 Summit and other initiatives from Actify, visit – www.actify.com

Angela Scott-Briggs

Editor, TechBullion.com | Interested in Innovations in Business, Finance, and Technology .

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Angela Scott-Briggs

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