Description

In this episode, Akshi Goel, EY Global Advanced Manufacturing & Mobility Analyst, explores the top market forces and provides a perspective on shifts in the mobility sector.

The global automotive sector is witnessing mixed recovery in 2021. Some markets are gaining traction, while others reflect demand pressures due to partial or complete lockdowns during the pandemic. While the US is showing strong demand rebounds as vaccination rollouts continue, Europe is expected to witness growth in the second half of 2021, following widespread vaccinations. Manufacturing is likely to remain stressed through 2021 owing to increased volatility and disruptions in the lower tiers of the supply chain. Therefore, for mobility companies looking to stay ahead of the curve, the best course of action is to stay responsive to changes and futureproof their existing supply chain strategies.

Key takeaways:

• Demand patterns is the top market force this quarter. E-commerce continues to drive demand for logistics and commercial vehicle companies.
• Product design and innovation is the top company response this quarter. Driven by tightening emission regulations across markets and consumer demand for green mobility, automakers are investing in green mobility manufacturing and deployment.
• Overall, the mobility industry has developed a clear view of supply chains, but it continues to operate in reactive mode. Organizations could stay ahead of the curve by being resilient and planning effectively to minimize the impact of the next disruption.