Market volatility challenges supplier future proofing

The automotive industry is keen to put 2020 behind it, but that could prove harder than expected. Production forecasts became irrelevant as dealerships were forced to close while the microchip shortage added additional uncertainty to shop floors. Meanwhile some of the consumer changes that resulted in the wake of lockdowns and contagion concerns could have a permanent impact on shopping behaviour and travel preferences. For suppliers, limited financial cushions mean that backing the right trends and ensuring the right sort of volumes are in place are pivotal. But what can they expect this year?