The Automotive Industry Action Group and Thomson Reuters have partnered to release the first of three regional reports on current and emerging automotive supply chain trends impacting the industry through 2025.
SOUTHFIELD, Michigan, May 10, 2019 – The Automotive Industry Action Group (AIAG) in partnership with Thomson Reuters today announced the release of the first regional report associated with the organizations’ Supply Chain 2025 survey initiative. This initial report reflects the insights and expectations of Asia-Pacific (APAC) supply chain professionals and elaborates upon top industry trends identified in the region through a series of one-on-one interviews and a subsequent statistical survey.
Recently completed, the survey assessed the anticipated impact of key automotive industry trends through 2025 in the APAC region – i.e., Japan, China, South Korea, Malaysia, Thailand, Indonesia, India and several other important countries, including Australia.
“We began our research in the APAC region with interview-based discussions that helped us define the parameters and content of our survey,” AIAG director of supply chain products and services, Tanya Bolden, explains. “The survey itself allowed us to gather insights on how macro-trends like electrification and shifting attitudes toward mobility and vehicle ownership will influence the future of the automotive supply chain.”
In addition to exploring current and emerging industry trends such as the electrification of vehicles and changing societal viewpoints, survey respondents also provided insights on issues pertaining to globalization and global sourcing decisions, talent and labor concerns, capacity management, the impact of (and demand for) increased technology in vehicles, social trends and an ever-changing regulatory environment.
Based on survey findings, the report points to two top trends expected to impact the automotive supply chain most significantly over the next few years: changes in international trade requirements, and the logistics of electrification. Additional broad trends surrounding autonomous vehicles, regulatory compliance, and societal changes were also identified, signifying a diversity of challenges and opportunities in the region as improved technology and evolving cultural expectations continue to alter the supply chain landscape.
Considering the wider implications of the survey’s results, Bolden concludes: “While this data may be specific to the APAC region, we believe these trends – along with others such as cybersecurity and increased automation, to name a few – are virtually universal concerns for the industry as a whole. Consequently, subsequent survey efforts focusing on Europe and the Americas will solicit feedback on similar trends and challenges.”
As survey data continues to be gathered from automotive supply chain professionals around the globe, two additional reports will be published. The next report will detail survey findings from Europe and the Americas, while the third and final report will compare and contrast data from the various regions and offer broader analysis and key takeaways.
Find out more: https://go.aiag.org/futureofautomotivesupplychainap
About AIAG: The Automotive Industry Action Group (AIAG) is a unique not-for-profit organization where OEMs, suppliers, service providers, government entities, and individuals in academia have worked collaboratively for more than 36 years to drive down costs and complexity from the automotive supply chain. AIAG membership includes leading global manufacturers, parts suppliers, and service providers. Visit www.aiag.org for more information.
About Thomson Reuters: Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology, and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit tr.com.