It is no secret that 2022 is creating many difficult scenarios for the automotive industry. At mid-year, while many companies are re-analyzing their 2022 financial plan, we at Seraph have gathered essential data to help support you as you plan for the remainder of this year and next.
This report will help you understand what the North American supply base will look like over the next 12 months. While the automotive industry has gone through volume reductions and difficult times before, our report will describe how the challenges we face today are much different.
Please take a look at our full report from the link at the bottom of this article. This report will show that the reduction in anticipated volumes is causing suppliers, who budgeted for 16.7 Mio vehicles to be produced, to delay or stop capital and employee investment; thereby creating risk for OEM launches.
We hope you view this information helpful, which provides a deep, data driven understanding of the current condition of the tiered supplier and OEM market. The data, which was collected from our teams in the field and data collected by Production.Net, supports our analysis and thorough understanding of the complex layers of our industry.
Please let us know if you would like to discuss the North America Automotive Market Update Report or to learn more about Seraph.