The automotive industry is complex and dynamic. The challenges it faces include volatile raw materials prices, global supply chains, regulatory oversight, and changing consumer preferences. These factors all influence profitability and the business model of the automotive industry. However, the industry remains a desirable career choice for many individuals. Here are some common career paths in the automotive industry. The automotive industry is growing in importance as the world economy grows older. In addition, this industry is facing fierce competition and is changing rapidly.
To survive, manufacturers must transform the automotive distribution model. This requires creating a better mix of channels. The automotive industry must collect continuous and rapid feedback on new retailing ideas. It needs to create a flexible strategic path to maximize value and drive real innovations in retailing. Traditionally, retailers and distributors have driven the evolution of the automotive channel. Those same changes will apply to the automotive industry. But how will manufacturers make their channel strategies more effective?
The automotive industry is ripe for disruption. In fact, game-changing changes are already on the horizon. However, no unified vision exists for what the industry might look like in the next 10 to 15 years. Here are eight key perspectives for the industry: