The concept of sole sourcing is as old as that of strategic sourcing. Call it vendor consolidation, volume concentration, or reduction of part-number proliferation, the endgame is always the same: reduce the number of vendors at the part and enterprise levels, to help drive cost efficiencies.
Elon Musk restarted production at Tesla’s only U.S. car plant, flouting county officials who ordered the company to stay closed and openly acknowledging he was risking arrest for himself and his employees.
Mine developers scrambling to fund projects to meet forecast demand for battery metals see the threat of looming supply crunches as a trigger for electric-vehicle makers to step in with investments.
Modern technology provides us with a dazzling array of devices, machines and vehicles designed to create more efficient supply chains, promote a cleaner environment and generally enrich our lives. But none of it runs without batteries.
Auto companies are rethinking their 2020 supply-chain strategies to cash in on new market opportunities, maintain competitive advantages, and cut costs to weather the coronavirus pandemic.
As companies describe how they weathered a quarter most people would like to forget, here are some other examples of how big supply chains are holding up.
Factory doors are reopening after nations from Denmark to Germany began easing restrictions on public life, with Italy, France and Spain to follow. But it won’t be a sudden return to business as usual.
For Marian Bocek, the coronavirus is a reminder that Europe needs to reduce its dependence on China, especially when it comes to making parts for the next generation of cars and trucks.
Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week.