Page 24 - Logistics News - June/July 2021

AUTOMOTIVE SUPPLY CHAIN

Building supply chain resiliency

How to build trust and visibility across the automotive supply chain.

By Phil Lewis, Infor’s VP of Solution Consulting EMEA

yriad factors can create disruptions maintain profitability. This, in turn, developed
to the supply chain. If any event into an advanced strategy around predictive risk
Mreveals the need for resilient management and multitier supplier collaboration.
supply chains, it’s COVID-19. The disruptions
shook (and continue to shake) every industry, Even with the automotive industry
including the automobile sector. Abroad, early embracing new supply chain practices, another
2020 forecasts projected a significant drop in disruption has risen in the semiconductor chip
new vehicle sales, but ultimately turned out shortage. With modern vehicles often containing
much better with only a 15 percent reduction thousands of semiconductors, this crisis
from the total 2019 sales. underscores another dimension of supply chain
Phil Lewis, Infor’s VP risk exposure and highlights the critical need to
L O GI S T I CS NEWS several automotive companies to embrace EMEA. manufacturers saw a rise in demand from other sectors like
of Solution Consulting
collaborate with multitier partners for globally
It’s no surprise the pandemic has prompted
limited supplies.
new supply chain strategies that allowed
them to recover quickly while also setting them up for
When the automotive demand initially dipped, chip
future growth. Many automotive companies established
crisis teams and control towers to improve visibility and

22 JUNE/JULY 2021 home electronics and high tech, creating a diversion from
www .l o g ist i csn e w s .c o .z a