CONVERGENCE & THE FUTURE AUTOMOTIVE SUPPLY CHAIN
Something is happening in the automotive sector. A new world order is emerging. It’s a quiet revolution, but one which will change the industry forever.
Vehicles are now technology on four wheels. Technology – not chassis design, braking systems or tires – has become preeminent. This upsets the status quo in the 100-plus-year old automotive sector. A status quo where the big original equipment manufacturers (OEMs) held all the market power.
This quiet revolution upends the traditional hierarchy of players in the industry, forcing every participant to focus on what it will take to build the future automotive business model. Just what is that model? It is a converged industry that fuses high tech and automotive into a new super sector.