When you buy an "American-made" car, you are probably buying a car that has an immensely complicated mix of components that were also made in Mexico and Canada. The same is true for many electronics, and advanced textiles like carpeting. The beef in your grocery store might be from a cow that was fattened and slaughtered in the United States, but that was very likely born across the border in Mexico.
Shoppers are demanding a seamless experience across all brand channels, both on- and offline, but retailers – particularly in apparel - are struggling to move at the speed their consumers want and need.
Challenge: The client, a large Fortune 500 company, is a designer, manufacturer, and distributor of clean air and automotive products and systems. The company had been expanding their manufacturing and engineering footprint as they grew operations worldwide.
The global machining centers market in automotive, aerospace, metal fabrication and other verticals is expected to grow at a CAGR of close to 6 percent during the period 2016-2020, according to a Technavio report.
Jitendra Malik, a researcher in computer vision for three decades, doesn't own a Tesla, but he has advice for people who do. "Knowing what I know about computer vision, I wouldn't take my hands off the steering wheel," he said.
New York City has just begun its sacred rites of retail. For its fashion week, which started Sept. 7th, tents go up, guests emerge from black cars, models sulk down catwalks and the wealthy and celebrated clap in unison. The point of all this is for designers to declare what will be "in" next spring. But for much of fashion retail, it is increasingly clear that something is out of place.
In Germany, Europe's biggest automotive market, August was another month of consolidation and strong performances during the traditionally weak holiday period. Much of the remainder of the year should see fairly robust growth in much of Western Europe, though there may be some tailing off toward the end of the year.
Fuel efficiency, weight reduction, advanced safety technologies, human machine interface, lighting and consumer comfort features will drive $350bn in incremental automotive supplier business opportunities, by 2021 -- but not without initial challenges.
Toyota Motor Sales U.S.A. Inc. (TMS) has opened a parts distribution center in Lithia Springs, Ga., near Atlanta. Stocking approximately 43,000 Lexus parts, the facility will serve 27 Lexus dealers in the Southeast, primarily in Atlanta, as well as a five-state area that includes Georgia, North Carolina, South Carolina, Alabama and Tennessee.