Crisis as a Catalyst for Change: The Emerging Electric Vehicle Value Chain
Helping Executives Understand Areas of Growth and Identify Key Risks in the Transforming Electrification Supply Chain
June 25, 2021DownloadsDownload Article
Part one of a three-part custom-content series by FTI Consulting examining the push toward electric vehicles, the implications to the supply chain and opportunities for automakers, suppliers and other companies throughout the value chain.
This is an extract from Automotive News, first published in 2021. The entire publication is available on: https://www.autonews.com/
"Some have described the global shortage of semiconductors that has shut down automotive manufacturing and will cost automakers and suppliers billions of dollars as nothing more than a classic supply chain management problem. More precisely, however, what the current shortage, COVID-19 and prior disruptions such as the 2011 tsunami in Japan continue to expose are signiﬁcant vulnerabilities in a global supply chain that continues to expand. With that growth, it has become more concentrated and more competitive as multiple industries vie for similar materials and components.
As unpredictable and disruptive as all these events were, they are likely to continue as the automotive industry pushes toward electriﬁcation and navigates signiﬁcant transformation of the value chain that could magnify current vulnerabilities and expose new ones. The question becomes whether the auto industry is anticipating future supply disruptions and how it is preparing to mitigate future risk as automakers, suppliers and service providers create an end-to-end value chain capable of powering a ﬂeet of electric vehicles. FTI Consulting’s automotive experts estimate that by 2025, EVs will reach sales of 18 million units globally."
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