Parts Suppliers Are Navigating The Electric Transition

The automotive industry is undergoing a significant transformation as it shifts from internal combustion engines to electric vehicles (EVs). Revenues for traditional engine components are expected to decline by 44%, while those for EV drivetrains and batteries are projected to rise by 245%. This shift presents challenges for suppliers, as the complexity of traditional engine powertrains with thousands of parts contrasts with the simplicity of EV powertrains.The intricate supply chain, often comprising small family-owned businesses, is interconnected and dependent on each other's success. Concerns about EV viability, resource availability, and government support create uncertainty. Suppliers must adapt, innovate, and potentially pivot their businesses to thrive in this evolving landscape as the industry moves towards electric vehiclesLink to the featured video:https://youtu.be/P-NF-7miGLoGrab a copy of my book:https://partsmanagerpro.gumroad.com/l/qtqax"The Parts Manager Guide" - https://www.amazon.com/Parts-Manager-Guide-Strategies-Maximize-ebook/dp/B09S23HQ1P/ref=sr_1_4?crid=3UZYOGZJUNJ9K&keywords=parts+manager+guide&qid=1644443157&sprefix=parts+manager+guid%2Caps%2C244&sr=8-4Please remember to like, share and leave your comments.Videos are uploaded weekly.Visit my website for more!https://www.partsmanagerprof.com/For the full video you can find it here on my YouTube channel: Parts Suppliers Are Navigating The Electric TransitionIf you want me to continue making videos like these, please donate to our paypal account: paypal.me/partsmanagerproFair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS* This video is for educational and entertainment purposes only.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-motor-files-podcast--4960744/support.