{"id":107884,"date":"2025-01-08T09:56:29","date_gmt":"2025-01-08T08:56:29","guid":{"rendered":"https:\/\/www.KGM Strategy.com\/?p=107884"},"modified":"2025-02-17T16:51:54","modified_gmt":"2025-02-17T15:51:54","slug":"driving-change-your-guide-to-automotive-procurement-transformation-a-video-series","status":"publish","type":"post","link":"https:\/\/www.KGM Strategy.com\/en\/insights\/automotive-procurement-transformation-video-series\/","title":{"rendered":"Automotive Industry: How Procurement Must Evolve to Drive Successful Transformation"},"content":{"rendered":"

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The automotive industry is standing at a crossroads, grappling with disruptions that demand agility, innovation, and strategic foresight. Electrification, autonomous technologies, and changing ownership models are reshaping the sector, forcing OEMs and suppliers to rethink their approaches.<\/p>\n

At the heart of this transformation lies procurement\u2014no longer a back-office function but a critical enabler of profitability, resilience, and competitive advantage.<\/p><\/div>\n

Through this exclusive video series, gain insights into a revolutionary procurement operating model that empowers leaders to steer their organizations toward sustainable success. Discover expert guidance, actionable strategies, and transformative frameworks tailored to the automotive industry\u2019s evolving needs.<\/p><\/div><\/div><\/div>\n

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What are the main challenges currently being faced in the Automotive industry?<\/h2><\/div><\/div><\/div>\n
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The automotive industry faces unprecedented challenges Electrification, Autonomous driving, New ownership models culminating in the software-defined vehicle of the future!<\/p>\n

The BIG3 disruptions are forcing a long-term shift in the automotive profit pools \u2013 away from classic ICE-driven and towards new mobility-driven products. In fact, until 2035, growth will only come from these emerging profit pools.<\/p>\n\n

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Simultaneously, OEMs see themselves in a market that is very likely to stagnate, due to saturation and new ownership models.<\/p>\n

Procurement functions are in the perfect position to anticipate and mitigate the risks and opportunities presented by these challenges. They can support a transition into new mobility strategies for companies whose pedigree rests on a century of excellence in mechanical engineering.<\/p>\n\n <\/div>\n<\/div>\n