As the coronavirus outbreak spread rapidly across the world, the global automotive industry was largely caught unprepared, halting auto businesses not only in China, but also in the United States and across Europe. With mobility restrictions expected to continue through a large part of 2020, the automotive industry is anticipated to go through a difficult time, as manufacturers in the automobile market seek ways to resurrect avenues for cash flow after the pandemic is brought back under control.
Harbour Results Inc. (HRI), a business and operational consulting firm for the manufacturing industry, conducted an in-depth analysis of the automotive value chain and found that although the industry is strong today, it is on an unsustainable path and must be prepared for another slow down.
