The Original Equipment Suppliers Association (OESA) recently convened a hybrid in-person and virtual session of its Strategic Insights Executive Briefing Series. Addressing the theme of "Supplier Competency and Electric Vehicle Readiness," the OESA invited industry experts from Deloitte Consulting LLP, the Metals Company, and Lucid Motors to discuss fresh perspectives on grappling with the dramatic pace of industry change, technology advancement, sales volatility, and supply chain disruptions stemming from the global push to transition to electric vehicles.
Deloitte kicked off the conference with a panel featuring U.S. automotive consulting leader Jason Coffman, managing director Raj Iyer, and automotive research leader Ryan Robinson that shared actionable insights from Deloitte's 2021 Global Automotive Supplier Survey. Based on the survey, which explores what drives industry change and how suppliers can adapt, the panel first identified four significant forces disrupting the automotive supply industry: (i) electrification, (ii) technology convergence, (iii) new entrants, and (iv) supply chain difficulties. Next, the experts discussed their findings on which component industry segments are growing, shrinking, and remaining stagnant. Finally, the panel concluded with suggestions on strategies for how suppliers can stay abreast of the shifting industry dynamics.
Robinson started the discussion on the significant disruptive forces by addressing the growing adoption of...
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