Automotive suppliers (Tier 1s) need more than just innovative ideas – it’s also essential to be able to identify the best business models for implementing them. To increase margins and win new business as automotive suppliers, Tier 1s need to change to take advantage of innovation.
However, some of today’s technological concepts, such as Industry 4.0 and the Internet of Things (IoT), can best be leveraged via completely new business models. Digital trends are creating fresh opportunities for Automotive suppliers, opportunities that can be a long way from the current core business.
Dowload the article to read what digital trends are creating fresh opportunities for Automotive suppliers – opportunities that can be a long way from the current core business.