Automotive tool-and-die companies, many of which have struggled financially in the past three years, should soon be in a stronger position as automakers launch more than 130 new electric or hybrid models as well as redesigns for internal combustion mainstays, according to a new study.
The study,"Electrifying Mobility," delves into the impact of electrification on the North American auto supply chain. Tool-and-die companies are considered a bellwether for the industry. Automakers had launched a significant number of key programs in the years leading up to 2020. But tooling orders slowed as fewer new models were launched in the following years. Many companies have also had a tough time recruiting and training enough workers to keep their facilities running."It's an almost unprecedented number of vehicle launches coming up," Harbour said."So with all of that product launching, it's a very bullish forecast for them.
Companies throughout the supply chain — particularly smaller suppliers and toolmakers — need to be prepared, Harbour said.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaltWire Network - 🏆 45. / 63 Read more »