The automotive industry’s focus on autonomous driving, connected cars, electric vehicles, and shared mobility (ACES) is prompting automotive suppliers to adapt. The McKinsey and the European Association of Automotive Suppliers survey revealed that 90 percent of suppliers said they were reshaping their portfolio mix to focus on technology-driven components while de-emphasizing hardware.

Charging ahead

To read the article, see “Amid disruption, automotive suppliers must reimagine their footprints,” April 19, 2022.