While electric vehicles can cut direct emissions, their production supply chain needs to be decarbonized and other environmental impacts addressed. EVs have a long road to travel before being truly sustainable, say experts.
To create a circular economy, it is obvious that we need innovative solutions, which are created by looking at ordinary processes from completely different viewpoints. By blending these solutions with circular designs, we can use them in many different areas of business value chains – from supply chain to production, logistics to transportation. Efforts to .
The circular economy approach enables automotive companies to increase revenues per vehicle by 15-20 times the sales price and significantly improve profitability by maximizing lifetime performance. In this report, the Circular Cars Initiative (CCI), in collaboration with Accenture, put forward the business case for a circular economy in the automotive industry. Circularity requires co-innovation, partnership and data transparency among automotive companies to align a shared vision on industry-wide circularity and unlock new value pools. The report lays out key components of the circular economy, providing a direct roadmap for strategic transformation and detailing in-depth research on the business potential of a fully circular value chain.
Automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. The relative stability in the global supply chain that the automotive industry enjoyed for many years is unlikely to be restored.
In 2022, automotive suppliers face many of the same issues that have bedeviled the industry throughout 2021, as well as a host of all-new challenges. Unfortunately, as with many aspects.