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Trends Shaping the Automotive Industry in 2022

Epicflow

This year, the automotive industry is expected to continue its recovery following the headwinds of tough 2020. Electric Vehicles Production and Sales Will Grow. The prospects for further EV market development are presented in the image below. [2] Connectivity: Further Developments . Automotive Business Trends.

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Automotive Industry 2022: Overcoming Project Challenges

Epicflow

The trends shaping the automotive industry in 2022 will certainly have an impact on its companies’ projects. What issues will they bring to automotive project management, and what are the ways to address them? Challenges in Automotive Projects. The automotive industry is moving towards the new future by leaps and bounds.

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Navigating a Downturn: Strategies for Business Resilience

Tom Spencer

Although it is fairly common for a successful business to generate 80% of its profits from 20% of its products, relying heavily on a small number of products, services, or markets exposes a business to significant risk. Diversify Revenue Streams One fundamental strategy for business resilience is to diversify revenue streams.

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Technology Is Changing What a Premium Automotive Brand Looks Like

Harvard Business

The automotive industry is being disrupted by electric vehicles and self-driving cars, just as home appliances is being disrupted by the Internet of Things and smart appliances, home entertainment by on-demand content providers, and apparel by online personal stylists such as Stitch Fix and Trunk Club. Product: mechanical vs. interactive.

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Digital Transformation in Manufacturing in 2024: Benefits & Examples

Epicflow

The integration of modern technologies into every manufacturing process allows companies to improve their production capabilities, reduce their products’ time to market, and meet their clients’ demands to the full. All these factors promote higher efficiency of the production process and more reasonable utilization of resources.

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New Regulations Place Sustainability and ESG at the Center of National and Global Business Competitiveness

Brimstone Consulting

PFAS are used in hundreds of thousands of products, from nonstick pans to water-repellent sports gear, to stain-resistant rugs. For example, as of January 1, 2023, Maine requires that companies report PFAS in products by quantity to the state, and the state will ban all PFAS-containing products by 2030. If not, should it?

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Sustainability: The Growing Importance of ESG Metrics

Tom Spencer

Key areas include: Labor practices – Companies are expected to invest in training and development, promote health and safety, pay a fair wage, and ensure favourable workplace conditions. For instance, Tesla’s focus on sustainable energy solutions has significantly bolstered its reputation as an innovator in the automotive industry.

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