Auto component manufacturers continue to strive for excellence as much for business development and continuity. The explicit goals on the anvil form the basis of a long-term stable outlook. To attain stability, the groundwork in the near to medium term must encompass survival, revival and growth strategies. Collaboration at the value chain level is proven to have been a stepping stone for the industry. All collaborators, it is unanimously agreed upon, must demonstrate agility, flexibility, and customer-centricity. Speaking at the 61st Auto Component Manufacturer Association (ACMA) annual conclave, Deepak Jain, Ex-President, ACMA said, “Despite several challenges the industry has displayed remarkable resilience with a collaborative spirit. We are now witnessing a gradual resurgence of demand for vehicles, and I am hopeful that we will be able to ensure business continuity and return to pre-covid levels of performance, sooner rather than later.” Concluding a successful term ridden with unprecedented challenges as ACMA President, Jain advocated for the need to plan not just for today and tomorrow but keeping in mind the long-term prospects. Including tapping new business wins in a constantly evolving technological landscape.
On the anvil
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