{"id":12269,"date":"2022-11-15T15:52:40","date_gmt":"2022-11-15T13:52:40","guid":{"rendered":"https:\/\/www.automotive-today.ro\/?p=12269"},"modified":"2022-11-15T16:21:11","modified_gmt":"2022-11-15T14:21:11","slug":"philipp-duwald-horvath-between-2019-and-2020-profitability-has-fallen-sharply-for-majority-of-automotive-suppliers","status":"publish","type":"post","link":"https:\/\/www.automotive-today.ro\/index.php\/2022\/11\/15\/philipp-duwald-horvath-between-2019-and-2020-profitability-has-fallen-sharply-for-majority-of-automotive-suppliers\/","title":{"rendered":"Philipp Duwald, Horvath: \u201cBetween 2019 and 2020, profitability has fallen sharply for majority of automotive suppliers\u201d"},"content":{"rendered":"\n<p>\u201cDisruptors like Covid-19, inflation, energy crisis, &amp; supply chain issues call for action in the automotive supplier industry. &nbsp;To better understand how the automotive suppliers perceive the current situation we did a study in autumn of this year. Besides the challenges from the technological side regarding electrification, there are significant macroeconomic factors that impact the current situation for the automotive suppliers,\u201d <strong><em>Philipp Duwald, Principal Automotive, Horvath said during Romanian Automotive Forum 2022 organized by Automotive Today and The Diplomat-Bucharest.<\/em><\/strong><\/p>\n\n\n\n<p>\u201cOne statement of an automotive supplier is saying that inflation is putting a massive strain on its cost and earnings situation in most countries and plants.<\/p>\n\n\n\n<p>The many macroeconomic factors have a massive impact on the profitability of suppliers, in some cases with serious consequences.<\/p>\n\n\n\n<p>Between 2019 and 2020, profitability has fallen sharply for majority of suppliers. There is a recovery in 2021. However, profitability is still below the level of 2019.<\/p>\n\n\n\n<p>Three fields of action are relevant for CxOs in the automotive supplier industry to cope with the current challenges: 1) create transparency by simulating profitability and liquidity impact; 2) conduct active claim\/ compensation management with OEMs; 3) foster cross functional operational excellence and cost efficiency.\u201d<\/p>\n\n\n\n<p>Full recording of the conference:<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"ROMANIAN AUTOMOTIVE FORUM &amp; AWARDS 2022\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/oucG8Slh5Yw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>\u201cDisruptors like Covid-19, inflation, energy crisis, &amp; supply chain issues call for action in the automotive supplier industry. &nbsp;To better understand how the automotive suppliers perceive the current situation we did a study in autumn of this year. Besides the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[54,24],"tags":[],"_links":{"self":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/12269"}],"collection":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/comments?post=12269"}],"version-history":[{"count":3,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/12269\/revisions"}],"predecessor-version":[{"id":12276,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/posts\/12269\/revisions\/12276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/media\/12272"}],"wp:attachment":[{"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/media?parent=12269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/categories?post=12269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.automotive-today.ro\/index.php\/wp-json\/wp\/v2\/tags?post=12269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}