article thumbnail

How EV Manufacturers Can Navigate Supply Chain Complexity

Arena Solutions

DEVELOP THE RIGHT SOURCING STRATEGY. Although EVs are comprised of fewer mechanical parts as compared to traditional ICE vehicles, they incorporate highly sophisticated technology that is much more difficult to source and mass produce. Once the raw materials are sourced, the final batteries are assembled primarily in Asia.

article thumbnail

How Financial Services Companies Can Manage Sustainability Risks While Driving Progress On UN Sustainable Development Goal 16

EcoVadis

The name came from the fact that profit from these minerals have long been used to fund armed groups and fuel regional conflicts, specifically in eastern part of Democratic Republic of Congo (DRC). Institution Issues. trillion annually.