As the novel coronavirus (n-COV) continues to spread across Europe, the German original equipment manufacturing sector is one of the worst-hit industries that are taking extreme measures in the form of plant closures to curb its impact. Though the impact of the high levels of scrutiny and digitization is quite evident in the auto manufacturing and R&D processes, sudden disruptions due to the pandemic outbreak have plagued the automotive supply chain. Today the global economy is in a state of mayhem and more so in Europe as German automotive companies suspend work and extend shutdown periods to help the government combat the spread of COVID-19.
While the focus of leading OEMs is to stabilize post-pandemic demand, our analysis reveals that post-pandemic sales in major markets will resume but auto manufacturers will be presented with newer challenges and opportunities deepening on their manufacturing footprint and exposure to countries with more stringent regulations.
Download the FREE resource to learn how leading German original equipment manufacturers are holding up amid the mayhem.
The free resource offers comprehensive insights on:
- The strategies and policies adopted by original equipment manufacturers to tackle the outbreak
- What other business leaders can learn from OEMs
- The challenges facing the German OEM sector
Challenges Facing German Original Equipment Manufacturers
The German automotive supply chain is grappling with unforeseen challenges due to COVID-19. These include:
- Output reduction
- Automotive supply chain disruptions
- Production shutdowns
We understand the challenges faced by businesses due to the ongoing global crisis, and to help overcome this situation we now offer personalized recommendations and solutions at no additional cost to help all our clients address the short-term business challenges faced by them.
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