The automotive industry relies heavily on just-in-time supply chains, with around 70% of parts sourced from multiple layers of third-party and sub-tier suppliers, making it vulnerable to disruptions. Key risks include geopolitical tensions, limited sub-tier visibility, and rapid industry changes like the shift to electric vehicles. Without comprehensive insights, these factors can threaten business success. Sphera advocates for digitalizing automotive supply chain risk management to enhance transparency, anticipate risks, and ensure resilience amid evolving challenges and trade uncertainties.

Join for free to read