With India being one of the largest passenger car manufacturing countries in the world, auto manufacturers are constantly innovating to keep pace with evolving trends. Today, customers are increasingly demanding smart mobility as well as uncompromised safety and quality in vehicles. This has resulted in leading OEMs incorporating technologies to stay ahead of advanced cutting-edge the innovation curve.
In the past few years, artificial intelligence and the Internet of Things have been revolutionising the automotive industry, which was once part of only luxury and high-end car models. However, intelligent automation is fostering innovation in the sector, leading to connected cars and services becoming a reality in India. While the connected cars market is still in the developing stage in the country, it is anticipated to grow to $32.5 billion by 2025, at a CAGR of 22.2 per cent between 2019-2025, according to the report by Research and Markets.
The drastic rise in changing business models and uncertainties has made supply chains increasingly complex. To manage disruptions and ensure supply chain continuity, automakers are realising the need to modernise their legacy systems to drive competitive differentiation. By leveraging flexible cloud technologies, production and logistics processes can be optimised to build a more robust and agile business. Harnessing modern collaborative tools and cloud connectivity has thus become essential to drive efficiency across the supplier network and keep operations moving.
THE IMPORTANCE OF SUPPLY CHAIN
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