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Preparing the Supply Chain for the Next Disruptive Event

Recently, Whitehall President Joe Bione spoke at the Baker Tilly/Dickerson Wright sponsored Bi-Continental Automotive Summit on Preparing the Automotive Supply Chain for the next Disruptive Event (to preview his presentation click the above link.)

WHAT IS A DISRUPTIVE EVENT AND HOW IS IT GOING TO AFFECT THE AUTOMOTIVE SUPPLY CHAIN?

When a new service or product helps create a new market

AND

significantly weakens, transformsor destroys an existing product, market category/industry

WHEN IS THE NEXT DISRUPTIVE EVENT COMING?

It is here, its happening now!

  • It is not clearly understood
  • It is hard to describe
  • It could be a big disruption or it could be small
  • It might directly effect your company or indirectly but, it will effect ALL
  • No one knows exactly but, investment in disruptive technology is exponential with new players entering the race daily

WHO WILL BE AFFECTED THE MOST?

  • Companies that are committed/stuck in old technology or soon to be obsolete products
  • Companies who are not profitable or have the balance sheet to react or play in the new market
  • Companies who are not aware of changes around them both at customer and supply chain level
  • Companies that do not have any new or innovative technologies to distinguish themselves from their competitors
  • Companies with a “this is the way it has always been done” mentality or an “it’s not going to change and affect me” attitude

WHAT CAN YOU DO TO PROTECT YOUR BUSINESS?

  • Listen/learn- Stay aware of the situation and what’s happening at each level
  • Control what you can inside your four walls
  • Be ready and open for change- mindset of both Owners and Employees
  • Be agile- Prepared to react and make decisions intellectually/quickly

WHAT SHOULD SUPPLIERS BE DOING TO PREPARE?

CONTACTING WHITEHALL.

Contact us now at 1-248-519-1072 to discuss how Whitehall can assist your company.

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