MAS 2021 Echo Takes Industry to the Next LevelBy Alejandro Enríquez | Thu, 09/30/2021 - 11:08
Do not miss the highlights of day 2 of MAS 2021 Echo and learn how the industry is being taken to the next level. Additionally, take a look at our analysis on additive manufacturing, CANIETI's semiconductor's plans and the resolution of USMCA's first labor complaint.
Ready? This is the week in automotive!
The New Auto Sector Needs Technology
Technology and digitalization had steadily been changing the automotive industry for the past few years but the pandemic accelerated these processes, pushing the sector to its biggest transformation in the century, according to Edgar Estrada, General Director of Volkswagen Brand Mexico. Read more here.
Reinforcing North America’s Supply Chain
Supply chains in all industries have taken a hit from disruptive events that have gone beyond the pandemic. High demand for semiconductors and tight supply, the blockade in the Suez Canal that is still wreaking havoc and the USMCA have posed enormous challenges for numerous industries, especially automotive. Mexico, however, holds a privileged position to put itself ahead of other regions in the world. Read more here.
Understanding Local Scenarios: Key to Ramp Up Operations
With numerous trade agreements, an ideal location and a young, highly-qualified workforce, Mexico is an attractive destination for the automotive industry. But producing in the country is not necessarily easy and companies aiming to land manufacturing operations in Mexico should work with local stakeholders to seize regional benefits, said industry experts. Read more here.
Material Technology Must Keep Up with Industry Needs
Across the world, mobility is adopting cleaner energy sources. But, hybrid, electric and smarter vehicles could not exist without the technological materials that make them possible. The entire supply chain must understand the specific needs and mega trends of the automotive industry, agreed industry experts. Read more here.
Vehicle Connectivity Increasingly Closer Thanks to 5G
Over the past few years, cars have undergone a transformation towards the digital as manufacturers have fitted screens and sensors into vehicles. However, the industry has been waiting years to offer a truly interconnected service ecosystem. The tool it needs to do so is almost here: 5G technology. Read more here.
AI, Machine Learning Offer Manufacturing Real Solutions
Artificial intelligence (AI) and Machine Learning (ML) are opening new possibilities to the world’s industries, including the automotive sector. Once these technologies reach their full capacity and create an integrated ecosystem, all the automotive supply chain could reap substantial benefits. Read more here.
Mexico is Ready for More R&D
Mexico is home to 14 light vehicle OEMs, 10 heavy vehicle OEMs and hundreds of Tier 1 and Tier 2 suppliers. While it is a promising land for manufacturing operations, companies are now recognizing its potential for R&D and engineering operations, and investing accordingly. Read more here.
Traceability, Clean Energies: Keys to Carbon Neutrality
OEMs have set ambitious carbon neutrality goals but the supply chain not far behind in reducing carbon emissions. Current strategies highlight two key elements: resource and energy management and supply chain traceability. Read more here.
Volvo Cars Prepares for US$20 billion IPO Before End of Year
Chinese Geely Holding, Goldman Sachs, BNP Paribas and HSBC are preparing to list Volvo Cars on the Nasdaq Stockholm exchange by the end of 2021, aiming for a US$20 billion valuation in what could be one of the EU’s biggest initial public offerings (IPOs) of the year, reported Reuters. Read more here.
First USMCA Labor Complaint Concluded Successfully: USTR
The US announced the conclusion of the labor complaint that reviewed whether workers at a General Motors facility in Silao, Guanajuato, were being denied their freedom of association and collective bargaining rights. The US Trade Representative (USTR) Katherine Tai and Labor Minister Marty Walsh noted the “successful conclusion” of the first labor complaint under the Rapid Response Mechanism (RRM) of USMCA. Read more here.
Mexico Could Strengthen Semiconductor Manufacturing: CANIETI
Global semiconductor shortages are leading different countries to evaluate the benefits of manufacturing more chips locally. Mexico could strengthen the entire semiconductor supply chain, from design to programming, according to the Mexican Chamber of Electronics, Telecommunications and Information Technologies (CANIETI). Read more here.
Additive Manufacturing: New Manufacturing Frontier
Around 10 percent of today's manufacturing processes are expected to be replaced by additive manufacturing by 2030. Manufacturers expect 6.7 million 3D printers to get shipped over the duration of 2020 alone, according to McKinsey. The firm estimates that the technology is halfway to its mass adoption across different sectors, automotive included. Read more here