ZF Group is reaching out to its tier suppliers or sub-contractors. It is coaxing them to tap into opportunities not just under the ZF umbrella but universal opportunities both existing and emerging. Be it domestically or internationally. The leading tier 1 supplier in its latest pursuit is seen pursuing goals that are beyond negotiating headwinds or making hay while there are tailwinds. It wants to look beyond managing capacity shortfalls and the fast-evolving market dynamics on the sustainability front. Quipped Jeorg Schaupp, Senior Vice President at ZF Group, Global Commodity and Purchase that gone are the days when the supply metric were predefined, and so was the raw material estimate that made life a bit easier for suppliers. While turning more agile to deal with the unknown, the Group wants to be a guiding force for other tier suppliers in the country as well. With the future dominant technology to be ascertained as yet, the company wants to partner with suppliers in the value chain for the next big leap.
This story is from the March 2023 edition of Auto Components India.
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This story is from the March 2023 edition of Auto Components India.
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