Top Challenges Impacting the Automotive Supply Chain
The US automobile industry has gone through some drastic changes over the past few years. Changes in automotive demand volumes, the changing demographics and the variations in the nature of cars that are demanded are putting the industry through major structural changes. 62% of all consumers now prefer buying used cars, Tesla reported profits in the final quarter of 2019 owing to higher demand for EVs and we expect car sales to fall to 16.8 million in 2020. The consumer side of [...]