Foundations of the Automotive Industry of the FutureBy Miriam Bello | Thu, 09/23/2021 - 13:26
This week, Mexico Business hosts Mexico Automotive Summit ECHO 2021 (MAS ECHO 2021), an event where key industry leaders meet to explore pathways this industry should take to meet the market’s needs regarding carbon neutrality, manufacturing lines, supply, automation and many more trends. Be sure to read the highlight of the event!
Here is the Week in Automotive!
The Ministry of Foreign Affairs: Ally to the Industry’s Prosperity
During his participation on MAS ECHO 2021, Iker Almícar Jiménez Martínez, General Director of Global Economic Impulse at the Ministry of Foreign Affairs (SRE) called on all players of the industry to work together toward the transition to clean energy as both carmakers and government institutions work to reduce their carbon footprint.
SRE is focusing on six strategic sectors: mobility, aerospace, health sciences, infrastructure, information technologies and automotive. To boost this sector, SRE and the Ministry of Economy have created a strategy for the automotive sector with the goal of “electrifying transport.” Read more about the action plan here.
Sustainable Manufacturing Practices
The automotive industry has the task of reducing its carbon footprint, which is one of the biggest ordeals it has faced in many years, according to experts at MAS ECHO 2021. This task requires the adoption of technology in manufacturing but also in the final product, as the market expects a higher participation of hybrid or electric cars. Read more about how companies are making this turn on their production here.
Sustainability in manufacturing is also a challenge to overcome for heavy vehicles. Transportation is one of the largest generators of greenhouse gas emissions in Mexico thanks to a vehicle park with an average age of 19 years, with some vehicles that are over 40 years old. Heavy vehicle manufacturers have clear strategies to comply with increasingly stringent environmental regulations to reduce their carbon footprint. Learn more about them on the following article.
A Reinvented Supply Chain
As the COVID-19 pandemic rampages, its negative effects are still expected to impact the sector throughout 2022. Recovery, expected for 2023, depends on demand behavior, supply chain resiliency and the changing needs of the market and countries’ regulations. How should companies behave in this scenario to have a successful, undisrupted supply chain? Read the expert opinion of Guido Vildozo, Senior Manager, Americas Light Vehicle Sales Forecasting at IHS Markit, to find out.
How Close is Mexico to Semiconductor Manufacturing
Even though there are projects to bring semiconductor manufacturing operations to North America, these may take time. Semiconductor factories are already building new plants but it is not a simple as that; it takes between 18 and 24 months to ramp up operations. A cohesive public policy will serve as a roadmap for the sector to embark in the challenges brought by its transformation but there is more to address. Read about supply challenges and other manufacturing trends here.
Advantages of Telematics Wanted in Mexico
Telematics systems are installed in vehicles to track their location and performance, as well as that of the driver. While implementing telematics in Mexico would be a win-win proposition for all players involved, there are diverse challenges in their introduction. Learn the challenges here.
Tech is no Longer an Advantage but a Sign of Competitiveness
Tech infrastructure for the automotive sector has significantly improved processes for this industry. While companies adapt rather smoothly, the transformation that consumer preferences are going through has set great challenges for the entire ecosystem. Companies have to find a balance between the digital and the physical experience. The efforts of the industry to integrate tech and experiences can be found in this article.
For the entire coverage of Mexico Automotive Summit ECHO 2021, click here.