Including the chip shortage, vehicle shortage, and talent shortage
Report: Things Every Auto Industry Executive Must Address in 2022
Things Every Auto Industry Executive Must Address in 2022
The market conditions have been challenging for the automotive industry as a whole. Sales have been declining annually since 2020 due to low inventory caused by the inability to mass produce autos due to the chip crisis. As a result, demand and costs have stayed high throughout the last year.
While this can seem positive for the industry, the challenges that have been plaguing auto companies will only grow in the next few years. Industry leaders will need to address nearly every area of their business in order to be successful. With so many external factors impacting their business, prioritizing their strategies could prove to be a challenge within itself.
How can automotive executives navigate uncertainty in 2022?
In this industry report, Lindsey Peterson, Senior Economist at Prevedere, shares her outlook for the industry and the three greatest challenges for automotive executives this year, including:
Addressing your supply chain to account for the vehicle and chip shortage
Optimizing your workforce to address the challenge of labor market conditions
Implementing a strategy that accounts for reacting to volatile and uncertain market conditions
Download a complimentary copy of the report to learn more about leading auto companies in 2022.
About Prevedere, Inc.
Prevedere is the world’s leading provider of predictive analytics technology and solutions based on econometric modeling, enabling intelligent enterprises to understand and quantify the impact of external factors as part of their strategic planning and forecasting. Our global data repository and patented AI platform enable financial executives and operational planners to identify market drivers, quantify the future impact of economic volatility, generate performance forecasts, and optimize plans based on market foresight.
Prevedere’s automated AI model monitoring provides an early warning system when unplanned market shifts and anomalies are predicted, enabling planners to future proof business performance. Many of the world’s leading consumer packaged goods, retail, logistics, and manufacturing companies leverage Prevedere to generate economic intelligence, spot market opportunities, mitigate risks, and deliver exclusive competitive advantage.