Over the past decade, vehicles have become more complex due to changing consumer preferences, regulations, and technology. Investments in connectivity, autonomy, shared mobility, and electrification will continue to accelerate. As product complexity increases, manufacturing centers will invest to become more agile while continuing to advance lean manufacturing principles.
Implications of COVID-19 and outlook for automotive industry:
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Competition will rely on market timing and the ability to innovate and deliver products that meet customer expectations and offer new technologies.