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Why Should You Attend the 13th Annual Purchasing Summit?
Plante Moran's Daron Gifford explains why you should register today for the May 24th event that will be held at Marelli's headquarters in Southfield, MI.
Auto Demand Levels Remain Depressed on Chip Famine Alongside Race Between Vaccine & Variants
IHS Markit forecasts new light vehicle sales of nearly 82.4 million globally in 2022, up 3.7%. IHS Markit projects the industry will finish out 2021 with nearly 79.4 million light vehicles sold, and industry demand levels will continue to be restrained next year as the semiconductor supply chain remains challenged.
Read MoreRising EV Sales May Weaken U.S. Automaker Credit Metrics Over Time
If margins on battery-operated automobiles are slow to improve, increased electric vehicle (EV) penetration may be leveraging for some US automakers over the long term, given the large investment required to grow EV production, says Fitch Ratings.
Read MoreDigital Transformation Isn’t an Option, It’s Essential
View the on-demand sessions from the 2021 Tech Summit, a two-day virtual event that featured panel discussions on issues poised to change the face of the public and commercial industry sectors, such as digital transformation, workforce and talent retention, data transparency, and strategy and operations.
Read MoreTechnology Predictions: What’s Ahead for the Auto Industry in 2022
Following two years of market disruption, automotive manufacturers and suppliers are eager for positive news. Indeed, some regions and vertical segments are mitigating risks and addressing shortages with agile shifts and creative strategies. They provide pragmatic best practice models and inspiration for the organizations still struggling with heavy revenue losses from the microchip shortage. Undeniably, 2021 was a difficult year for manufacturers, OEMs, and suppliers. As we turn to 2022 to absorb and adapt to the many COVID-related blows, some predictions seem safe to bet on.
Read MoreFord Motor Company has issued an update to its Production Purchasing Global Terms and Conditions (effective July 1, 2021). Suppliers to Ford must carefully consider the changes and differences from prior versions of these Terms in order to understand the implications for their businesses.Foley & Lardner LLP prepared an analysis to help suppliers navigate these changes by not only identifying the most significant provisions and changes, but also explaining the possible implications and recommending strategic responses that suppliers should consider. Click here to view a PDF of the analysis.


