Building Resilient Supply Chains - Part 1

To survive and grow, the Automotive supply chains have turned resilient. Deepti Thore looks at continued efforts to modernise and withstand disruptions in the first part.

- Deepti Thore

Automotive supply chains continue to add layers of resilience. Coming out of one disruption after the other, the rising commodity prices continue to put margins under pressure. The supply-chain bottlenecks like semiconductor shortages, container shortages, growing port traffic, western sanctions as a fallout of the Russia-Ukraine war crisis are known to have had a direct bearing on the Automotive supply chains. To deal with these, the Automotive industry has identified technological advances to realign the supply chains as a means to remain competitive and sustain business. According to a Deloitte study on the supply-chain disruptions with the backdrop of recent turn of events, to deal with crisis, there is a need to ensure that the risk management frameworks and systems are in place. Through technology, companies must understand risks in the tier2 market and beyond.