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Digital Transformation in the Automotive Industry

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Digital Transformation in the Automotive Industry

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Register free for this event to hear from global industry leaders on how the automotive manufacturing industry is responding to the threats and opportunities facing the sector..

Digital technologies are transforming the automotive industry and disrupting traditional business models. New business opportunities related to Industry 4.0 are emerging, so companies must adapt to the new environment..

Global uncertainties, especially price wars, and COVID-19 pandemic are resulting in new operational and technological challenges as well as potential opportunities for the automotive sector. Automotive players have been adopting digital technologies across their processes from product design, procurement, production, supply chain, all the way to sales and marketing..

Several automotive companies have steadily enhanced their digital capabilities through re-organization, creation of digitalization business units and task forces while many others are partnering, acquiring and forming joint ventures to create a more resilient business..

Serendipitously, the digital transformation of the automotive industry is also synchronized with other seismic changes like electrification, autonomous driving, and shared mobility. The legacy players, to some extent, have been shocked by the speed with which electrification became relevant, and other trends are not so different in adoption as well..

The ever increasing global need of industries to be more sustainable and responsible is also driving the digitalization of supply chains. A good example of this is the supply chain of cobalt for automotive batteries, where manufacturers have started using digital tools to ensure that they are not part of unsustainable and unethical mining practices. Technologies like blockchain and smart contracts will further be adopted to achieve this goal of traceability & transparency.

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