Dear Auto Components Working Group Members,
The European Chamber is delighted to invite you to join the next Auto Components Working Group Meeting: Observations in 2018 Global Automotive Supplier Study at 9.00-10.30, on the 26th of January, 2018, at the European Chamber Shanghai Office.
The automotive industry has seen a continuation of global growth in 2017. However, first signs of weakening are visible with softening of growth in China and Europe, and a slight volume decline in the US. In this still favorable environment, the global supplier industry is expected to increase its revenues by 3 per cent, and maintain its profitability level with an average EBIT margin of ~7 per cent in 2017. For 2018, we expect continued growth for the global supplier base, but at a slower pace with stable EBIT margins.
In order to succeed in the new automotive environment, suppliers will have to transform their existing business models
Rethink overall strategy in order to either capture new growth opportunities, or consolidate the market around the existing portfolio
Define a long term technology roadmap and strategic positioning in the value chain, regarding both product and service offering
Implement a lower operating cost base and ensure sufficient financing for the upcoming transition at the same time
Adapt organizational structure and governance model to successfully manage new emerging technologies and competencies alongside old declining technologies under one roof
Create a new company mindset and culture to foster innovation, which is of paramount importance to compete in the new technology areas
Build up new partnerships and leverage this ecosystem to find new ways to innovate
During the meeting, Mr. Ron Zheng , the Automotive Partner at Roland Berger, will share with you the main observations in the 2018 Roland Berger Global Supplier Report, with a focus on the Chinese auto supplier industry.
Agenda:
09.00-09.10 Opening & Roundtable Introduction
09.10-09.50 Presentation: Observations in 2018 Global Automotive Supplier Study
09.50-10.30 Q&A and Roundtable Discussion
Registration:
If you would like to attend this meeting in our Shanghai office, please register here or email to Ms. Huilin Xu at hlxu@europeanchamber.com.cn before 24 January 2018.