SUPPLIER EYE

Thus far, 2020 has taught the auto industry several valuable - and in many ways, brutal - lessons. The coronavirus pandemic opened our eyes to the industry's interdependence and underlying fragility.

In last month's column, I discussed the impact COVID-19 is having on R&D budgets. A reduction in available future capital adversely impacts OEM and suppliers alike - forcing a focus on only those initiatives that fit into increasingly restrictive budgets. Risk reduction and optimizing revenue now are at the forefront for organizations of all sizes.