The auto industry is undergoing a period of tremendous disruption as never seen before. Influenced by new computer systems, new manufacturing processes and innovative designs, neither vehicles nor auto manufacturing facilities look like they did a decade ago.
The change is putting tremendous pressure on original equipment manufacturers (OEMs) and auto suppliers to evolve and innovate. Many are changing their business strategies to focus on innovation, rather than production while refining their product offerings to the best that they do. Others are also working more closely with their buyers to be a part of the design-to-market cycle and to make themselves an invaluable supplier.