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June 2021 | Platform

Global Automotive Supplier Study COVID-19 crisis as a window of opportunity?

The automotive sector has been one of the hardest hit by the pandemic. According to estimates by the Spanish Association of Automotive Suppliers (SERNAUTO), the automotive supplier sector will close 2020 with a 15% drop in turnover and a 5% reduction in employment. The internationalization of our companies and their constant effort has made this impact somewhat less than expected, but it is undoubtedly an unprecedented drop.

Sernauto and Alexander Brenner, Partner at Roland Berger have prepared a study 'The COVID-19 crisis: a window of opportunity for automotive suppliers?' in which it is observed how in 2020 the drop in volumes has been "tremendous" and at a global level they forecast that "until 2025-2026 the vehicle production levels prior to 2018 will not be recovered, with Europe being the worst positioned region.

In the next 5-10 years, everything is going to change and cars are not going to be the same. Automotive suppliers must make sure they are well positioned. We have to run towards the future and suppliers cannot be left behind. It is essential to make a balance between what my business is in the future and, at the same time, reorganize to increase my current efficiency," he commented.

You can see the full report here.

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