Kearney, October 2023
In the face of rising interest rates, inflation, and supply chain challenges, automotive suppliers are grappling with shrinking cash reserves. The shift towards electrification and digitalization in the industry requires significant investments, putting pressure on liquidity.
To navigate these challenges, companies need to prioritize cash management, consider alternative financing options, and implement long-term improvements in their core processes to ensure solvency and success in the evolving automotive landscape.
