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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. Interestingly, registration of electric cars in 2020 increased in major markets despite the pandemic [1]. . Automotive Business Trends.

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3 Drivers of China’s Booming Electric Vehicle Market

Harvard Business

In 2022, new EV sales in China grew by 82%, and the country provided 35% of global EV exports. Norway, and other Scandinavian nations were early adopters of EVs, and Germany and Japan have long been automotive powerhouses, their EV markets have lagged in mass market adoption compared to China. While the U.S.,

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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. Data-Driven Marketing.

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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. As a result, companies should actively explore emerging technologies that could provide a competitive edge in the market.

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Consultant Marketing Brand Disruption

Jerry Fletcher

If you figure out that your brand is packaged for the wrong market, fix that and get market buy in then you have yourself a winner. Tesla forced big automotive companies to get real about electric cars. One battery sale worth under a hundred dollars led to purchases in excess of over $5000. That is a winner.

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

Brimstone Consulting

Your strategy needs to consider current and future sustainability and ESG rules and regulations and market realities. In July 2023, California will prohibit the sale or distribution of products containing intentionally added PFAS inproducts designed for children under 12 years of age. If not, should it?

Apparel 73
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Leveling Up: Consulting Skills for an AI-Powered World

Tom Spencer

Consultants are still needed to interpret the results, identifying key trends and patterns, and making recommendations that can help the client to increase sales and customer satisfaction. The client can use this insight to target their marketing campaigns and direct their product development efforts accordingly.