SHIFTING
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Electric vehicle revolution triggers transformations in automotive supply chains . By Mike Hitmar
The soaring popularity of Electric Vehicles ( EVs ) has changed the face of the automotive industry forever . Recent EV sales figures in Europe indicated a 40 percent increase over the last five months . However , manufacturers face significant challenges as they strive to produce vehicles rapidly , with industry leaders quickly responding to the spike in demand . Panasonic recently recognized the need for four more EV battery plants if supply is to meet demand , whilst Jaguar Land Rover has outlined plans to create an exclusively electric production plant by 2025 .
As automotive innovation accelerates , companies are working to ensure their supply chains keep pace . Automotive supply chains are incredibly complex , and EVs only add to their intricacy . In the past , isolated decision-making , lack of connectivity , and poor data hindered supply networks . With geopolitical conflicts continuing to squeeze supply , many manufacturers are adopting technology that facilitates proactivity . The automotive industry is entering new territory , and companies should consider adapting their supply networks to align with it .
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