OptiProERP

NOVEMBER 22, 2023

With 2024 on the horizon, more manufacturers are adopting smart manufacturing technology. Through these technologies and process enhancements, manufacturers can anticipate a new scale of innovation in 2024. Predictive maintenance is expected to grow even more in 2024 and in future years.

Predictive Analytics Software 52

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Supply Chain Matters

JANUARY 19, 2024

The Ferrari Consulting and Research Group announces the general availability of our newest published Research Advisory – 2024 Predictions for Industry and Global Supply Chains. Best wishes in your 2024 efforts. All rights reserved.

Predictive Analytics Software 52

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Supply Chain Matters

JANUARY 19, 2024

Our Supply Chain Matters This Week in Supply Chain Tech column has had a brisk start in our 2024 postings, and we have added this supplemental posting. In our initial 2024 posting last week, we highlighted two acquisitions related to supply chain technology providers. All rights reserved.

Supply Chain Planning Software 52

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QAD

MARCH 14, 2024

Welcome to the latest episode wrap-up of the Auto Supply Chain Prophets podcast, where Jan Griffiths of Gravitas Detroit and I unravel the complexities and unveil the insights driving innovation in the automotive supply chain. Coming into 2024 was particularly exciting for me because we’re now in the third year of our podcast (52 episodes!)

Agile and Lean Supply Chain 79

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Supply Chain Matters

JULY 8, 2022

In this Supply Chain Matters posting we provide highlights of manufacturing and supply chain developments involving electric vehicle automotive producers at the 2022 mid-year point. Rivian Automotive. Orders for the 2023 model year sold out within hours and preorders for the 2024 model opened in late June.

Automotive 52

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Supply Chain Brain

JUNE 14, 2023

The German automotive industry said it won’t be ready to meet 2024's new production thresholds because Europe’s battery supply chain is still ramping up, according to the VDA lobby.

Automotive 87

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Supply Chain Matters

FEBRUARY 27, 2024

Electric vehicle start-ups Rivian Automotive and Lucid Group having reported Q4 and 2023 full year financial and operational performance, continue to show signs of supply chain and production challenges. The company’s forecast for expected vehicle output for fiscal 2024 is 57,000 vehicles, similar to what was produced in fiscal 2023.

Supply Chain Design Software 52

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Supply Chain Matters

APRIL 20, 2024

Background Prediction Four within the January published Ferrari Consulting and Research Group’s 2024 Predictions in Global Supply Chains , available for complimentary downloading in our Research Center , represented our belief that the increased labor activism that occurred in 2023 will continue this year, but with different nuances.

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QAD

APRIL 25, 2024

In 2019, I would have been highly skeptical of the scenario described above but it’s my true story in 2024. The example also doesn’t have to apply only to the automotive industry – all manufacturers must adapt to increasing disruption. We all know that a multitude of factors have contributed to continued supply chain issues.

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Supply Chain Matters

APRIL 9, 2024

Background Prediction Four within the Ferrari Consulting and Research Group’s 2024 Predictions in Global Supply Chains represented our belief that the increased labor activism that occurred in 2023 will continue this year, but with different nuances. Worker grievances dating back to the Covid pandemic years came to the forefront in 2023.

Alabama 52

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Supply Chain Matters

JANUARY 25, 2024

What caught most attention from Wall Street and the investor community was the EV automaker’s warning of slower vehicle growth expected in 2024. Financial Highlights- Q4-2023 Total automotive Q4-2023 revenue was reported as $21.6 Automotive Q4 gross profit was $14.4 Automotive gross profit in 2023 was $17.6

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Supply Chain Matters

APRIL 26, 2022

In prior Supply Chain Matters automotive industry supply network commentaries, we have highlighted the challenges of innovative EV powered start-ups such as Tesla , Lucid Motors and Rivian Automotive. Plans call for breaking ground this summer, with production targeted to start in 2024. . Background.

Automotive 52

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Supply Chain Matters

JANUARY 12, 2024

In a prior Supply Chain Matters posting we called attention to a published CNBC report in mid-December indicating that Tesla informed production workers at the company’s gigafactory in Sparks, Nevada that certain set-rate hourly workers will be granted upwards of 10 percent wage increases in early January 2024. up to $34.50

California 52

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ThroughPut

JANUARY 2, 2024

This includes manufacturers in the automotive, electronics, and aerospace fields and service providers within the healthcare and hospitality realms. The post Just-In-Time Management – How to Manage Inventory in 2024 appeared first on ThroughPut. Moreover, numerous other businesses across a spectrum of sectors also leverage JIT.

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QAD

MAY 4, 2023

The Automotive Industry Action Group (AIAG) and Odette International released the sixth version of the Materials Management Operations Guideline/Logistics Evaluation (MMOG/LE) assessment on April 1, 2023. MMOG/LE is used by automotive customers to select and evaluate production and parts, service and warehousing processes.

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Supply Chain Matters

NOVEMBER 14, 2023

Rivian Automotive is now free to sell its EV parcel vans to other parcel carriers, and added reinforcement from multiple ocean container shipping carriers that the existing industry volume declines could extend for two to three years. production worker hourly wages starting in January 2024.

Supply Chain Design Software 52

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Supply Chain Matters

MARCH 6, 2024

Background In prior Supply Chain Matters commentaries, we have highlighted ongoing production and supply chain challenges related to high profile EV start-ups Rivian Automotive and Lucid. Once more, the company has a stated goal to produce upwards of 22,000 vehicles in 2024. All rights reserved.

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Supply Chain Matters

FEBRUARY 12, 2024

The Ferrari Consulting and Research Group highlights a 2024 prediction of added labor activism continuing across industry supply chains in 2024. Continued Labor Activism Labor activism in the form of labor contract negotiations will continue in 2024, and include spillover from actions that occurred in 2023.

Negotiating Skills 59

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Supply Chain Matters

FEBRUARY 19, 2024

The global automaker’s joint partner entity in China , SAIC Motor, had established the entity, SAIC Volkswagen Automotive, to originally produce vehicles in the region, but has since been winding down operations. © Copyright 2024, The Ferrari Consulting and Research Group and the Supply Chain Matters® blog. All rights reserved.

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Supply Chain Matters

APRIL 15, 2024

This move follows Tesla’s report of Q1-2024 production and vehicle deliveries which represented the first year-over-year decline in vehicle deliveries since 2020. As indicated in our last commentary related to Tesla , the company’s formal reporting of Q1-2024 financial performance is scheduled for April 23.

Price Reduction 59

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Supply Chain Matters

FEBRUARY 28, 2024

Supply Chain Matters highlights concerns raised by automotive industry interests regarding evolving component sourcing among China based suppliers within Mexico. Watching this evolving industry segment is prudent since history would indicate that this political dimension influences other moves and consequences, beyond that of automotive.

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Supply Chain Matters

NOVEMBER 2, 2023

According to reports from Bloomberg, Automotive News, Reuters and The Wall Street Journal , wages for most Toyota assembly line workers will increase from $31.86 per hour, beginning on January 1, 2024. The global automaker who operates non-unionized facilities across the U.S. per hour, to $34.80

Resource Reduction 64

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Resilinc

SEPTEMBER 13, 2022

With the USMCA trade agreement providing greater certainty on trade rules and more transparency around labor and other ESG issues, OEMs in industries ranging from automotive to furniture, toys to medical products are growing their Mexico-based supply chains. As new U.S. Mexico’s largest categories of exports to the U.S. trade data.

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QAD

FEBRUARY 6, 2024

It’s especially true when describing the state of the electric vehicle and battery industry heading into 2024. For more information about networking with QAD at NAATBatt 2024, contact Andreas today. There’s a saying that the more things change, the more they stay the same.

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Supply Chain Matters

MARCH 30, 2023

Supply Chain Matters highlights yet another automotive electric vehicle start-up having to initiate a significant headcount reduction in order to cut operating expenses. Indications from Lucid management are that the EV auto maker will have sufficient cash to fund operations through the first quarter of 2024.

Expense Reduction 52

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Supply Chain Matters

APRIL 10, 2023

Tesla Senior Vice President of Automotive , Tom Zhu, who took up residence at the Shanghai auto factory during lockdown, was present at the announcement this weekend. The new factory itself has groundbreaking scheduled for the third quarter of this year with readiness for operation planned by the second quarter of 2024.

China 64

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Supply Chain Matters

DECEMBER 27, 2023

Tesla Initiates Further Wage Hikes for Hourly Workers In mid-December global-based electric vehicle designer and producer Tesla informed production workers at the company’s gigafactory in Sparks, Nevada that certain set-rate hourly workers will be granted upwards of 10 percent wage increases in early January 2024. up to $34.50

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Supply Chain Matters

JANUARY 2, 2024

In our first posting of 2024 we highlight global EV automaker Tesla’s reported record Q4 and full year 2023 vehicle delivery performance this week. According to a company release , the EV automaker produced approximately 495,000 vehicles and delivered over 484,000 vehicles in the final quarter. million vehicles. All rights reserved.

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QAD

MARCH 18, 2021

In an industry already at the mercy of major disruptions, COVID-19 caused even more shake-ups for automotive companies, impacting everything from supply chain and operations to capital spending, loans and long-term strategies. Here are some of the ways the pandemic has directly and indirectly impacted the auto industry’s long-term projection.

Resource Reduction 77

Resource Reduction Industrial Industry Supply Chain Planning Software 77

Resilinc

JULY 26, 2022

” That should be music to the ears of supply chain managers in automotive and other industry sectors struggling to catch up with the disruptions in chip supplies. And, speaking of automotive, it’s worth noting the increasing integration of high-tech firms with makers of advanced vehicles.

Manufacturing Procurement 62

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GlobalTranz

AUGUST 1, 2017

Automotive engineering hasn’t changed much in the last hundred years. Automation has sped up production but for the most part, manufacturing techniques and advances have left the automotive industry in the metaphorical dust. Why are there so few skilled engineers staying in the automotive industry? A Lack of Skilled Hands.

Buyer Training 131

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Supply Chain Matters

FEBRUARY 7, 2024

Full year profitability in 2023 included an $800 million gain from the company’s equity investment in Rivian Automotive , which in addition to producing EV vehicles for consumers, remains under contract to produce electrically powered parcel delivery parcel vans for Amazon last-mile fulfilment needs. Net income was reported as $30.4

Inventory Reduction 52

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Logistics Viewpoints

MARCH 18, 2024

Last week I went to MODEX 2024. MODEX 2024 has 1,200 exhibits. This is a mature technology that has been used for years in automotive manufacturing. Happy Hour Started at 4 PM at the Locus Robotics Booth at MODEX The last MODEX show I went to was in 2016. This show is massive! MODEX 2016 had 800 exhibits and 25,000 attendees.

Warehousing 235

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Supply Chain Matters

AUGUST 16, 2023

Rivian Automotive ’s recent report on quarterly financial performance provides evidence that this EV start-up is showing signs that the company has done its homework in supply chain and production operations industry basics. Plans established for 2024 were to increase production capacity to 85,000 vehicles.

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Supply Chain Matters

SEPTEMBER 19, 2022

Included in this update are Tesla , Rivian Automotive and Mercedes Vans , along with recycling technology start-up efforts. Developments concerning automotive and commercial electric or hybrid powered vehicle producers, and their strategic sourcing and production moves, continue at a rapid pace.

Supply Chain Network Software 52

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Resilinc

NOVEMBER 8, 2023

Morgan , the chip shortages will continue through the end of 2023 into 2024. Overall, the supply of semiconductors and materials should improve in the automotive sector. Will there be more chip shortages in 2024? According to J.P. However, this doesn’t mean the high-tech industry is in the clear.

Supply Chain Disruption 53

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SCMDOJO

JULY 7, 2023

Introduction Founded in 2009, Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company which has emerged as a prominent player in the highly competitive automotive industry. Rivian aims to achieve a gross profit in 2024, a significant improvement from the $3.3

Supply Chain Design Software 99

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