{"id":11748,"date":"2023-10-27T17:22:24","date_gmt":"2023-10-27T16:22:24","guid":{"rendered":"https:\/\/www.airtimecritical.com\/cee-automotive-supply-chain-2023"},"modified":"2023-11-02T12:16:04","modified_gmt":"2023-11-02T11:16:04","slug":"cee-automotive-supply-chain-2023","status":"publish","type":"post","link":"https:\/\/www.airtimecritical.com\/en\/cee-automotive-supply-chain-2023","title":{"rendered":"ATC\u00ae at CEE Automotive Supply Chain 2023 in the Czech Republic"},"content":{"rendered":"

The CEE Automotive Supply Chain conference<\/u><\/a>, the flagship event dedicated to the automotive industry in Central and Eastern Europe (CEE), was held in Olomouc, Czech Republic, on 24 and 25 October 2023.<\/strong><\/p>\n

“CEE Automotive Supply Chain 2023: Major Challenges and New Horizons for the European Automotive Industry”.<\/span><\/span><\/h2>\n

More than 330 key players took part, including Air Time Critical\u00ae, present with its local office for Slovakia and the Czech Republic<\/a>. The event revealed the major trends and challenges that will shape the European automotive industry over the next 5 to 10 years.<\/p>\n

Representatives of renowned companies<\/a> who shared their visions included Toyota TMCZ, SKODA, Kia Slovakia, Hyundai Motor, Siemens, JTEKT, Vitesco Technologies, Yanfeng and EY Consulting<\/strong>. Among the major challenges that emerged were the rapid transition to electric mobility, fierce competition from China and the United States, and above all, the urgent need to increase supply chain resilience.<\/p>\n

Friendshoring, a concept on the rise<\/strong><\/span><\/h3>\n

One of the innovative concepts discussed in depth was ‘Friendshoring’<\/strong>, an intriguing alternative to traditional offshoring, where European automotive companies seek closer partnerships with their geographically close counterparts. This strategy aims to strengthen the resilience of the supply chain by reducing dependence on distant suppliers, while addressing environmental concerns by reducing the distances travelled for components. Countries such as Turkey, Tunisia, <\/strong>and Morocco<\/strong>, as well as Central Europe with the Czech Republic, Slovakia, Hungary and Poland<\/strong>, where ATC\u00ae is present<\/a>, should benefit from this trend, which has already begun and will continue in the future.<\/p>\n

China’s shadow over automotive electrification<\/strong><\/span><\/h3>\n

The growing dominance of China<\/strong> proved to be an unavoidable issue, with a significant lead in the battery sector and a reduction in production costs, forcing the European automotive industry to face asymmetrical competition, as China does not have the same costs or the same standards to comply with. Geopolitical uncertainties were also highlighted, underlining the crucial importance of supply chain resilience.<\/p>\n

Building resilience: agility, communication, and crisis teams<\/strong><\/span><\/h3>\n

Among the lessons learned to strengthen the resilience of the industry, several aspects emerged clearly:<\/p>\n