Customer demands for expedited delivery and e-commerce capabilities have put new pressures on the supply chain. Shippers have to be able to provide rapid (often same-day) delivery of goods with a high level of visibility for customers.
The Auto Care Association submitted a joint position statement to U.S. Trade Representative Robert Lighthizer yesterday on behalf of the North American automotive aftermarket groups in support of the North American Free Trade Agreement (NAFTA).
The proceeds of the recapitalization will be used to fund a cash distribution to stockholders, refinance the company's capital structure, purchase Robert Bosch GmbH's financial interests in the company, and provide resources for investments in technology and growth.
A rise in innovative business models and services such as e-retailing, telematics and connected car systems, and e-stores are factors propelling demand and creating value for customers in a price-sensitive market.
Auto Care Association CEO Bill Hanvey briefed 250 top parts suppliers and distributors at the CIIAM conference in Mexico City on the practice of standardizing and unifying product content to lower supply chain costs and contribute to increased sales and operational efficiency.
The border adjustment tax, which would impose a 20 percent tax on imports, has the support of House Speaker Paul Ryan and other Republicans, but is opposed by others in the party and several import-heavy industries including auto manufacturers, dealers and parts suppliers.
VW's Electrify America subsidiary is partnering with EVgo to create a network of 450 electric vehicle charging stations in 11 major metropolitan areas along with strategically placed fast-chargers along heavily traveled highways.
In detailed comments submitted May 24 to the House Ways and Means Committee, MEMA expressed support for tax reform that promotes U.S. manufacturing competitiveness, job growth, and productivity, but warned the Border Adjustment Tax (BAT) as currently outlined in the House Republican tax reform blueprint, will not help the U.S. achieve those objectives.
According to a study MEMA rece
The event provided a forum for NEXUS North America founding partners, The Automotive Distribution Network, Automotive Parts Associates and VIPAR Heavy Duty, to meet with current and prospective global supplier partners.