The automotive industry has undergone significant disruption in recent years. Advancements in electric mobility, autonomous solutions, automotive retail and vehicle connectivity have propelled the sector forward and left enterprises and consumers alike excited for what comes next.
Despite all of this growth, the COVID-19 pandemic ushered in challenges, specifically surrounding supply chains. The semiconductor shortage and other geopolitical factors have resulted in supply and demand issues across all functions, which has led many companies in the industry to focus on building a future-proof supply chain that is both flexible and resilient.
To ensure preparedness for potential future crises, many auto manufacturers have begun digitizing their supply chains and prioritizing risk management as a part of their strategy. But this cultural and technological shift toward resiliency — with an added focus on sustainability — cannot happen overnight, an…