Automotive Industry - Disruption, Innovation and Transformation Ahead
Tuesday 2:30 pm - 3:15 pm, Conference Room (Ballroom A)
Moderators: Thomas Fennimore
Panelists: Pin Ni, Julia Steyn, Robert L. Nardelli, Fritz Henderson
The North American automotive industry is undergoing a massive transformation in terms of its customers’ preferences, production processes and business models. Ride sharing, electric vehicles and autonomous driving are just a few of the changes that the automotive sector is grappling with currently – and these trends are only going to increase in the future. By 2030, based on mileage, PwC forecasts that the share of autonomous driving in overall traffic may rise to as much as 40%. And in the US, annual vehicle mileage from shared driving will be 34% of the overall traffic. New players are joining the market to take advantage of these trends and disrupting the existing manufacturing base.
Car manufacturers are already reviewing business models and opting to innovate and change manufacturing processes. Recent factory shutdowns by GM have had a ripple effect not just on their own workforce but on their suppliers and other links in the supply chain. Further afield, the impact of trade wars and the changes in demand patterns from China will also play a role in changing the automotive landscape in the future.
A panel of expert speakers will look at the outlook for the automotive markets and discuss the impact that these new trends and business models will have on the middle market.