The primary driver of this turnaround has been economic growth. As a sub-region, Central America was expected to grow 4 percent in 2016, as opposed to a .5 percent economic contraction in Latin America.
A shift from buying cars to buying “mobility” will be a driving force of change in the automotive future. By 2040, vehicle miles traveled will have grown to an all-time high of around 11 billion miles per year in four countries.
Despite several politically induced senior-level oversight vacancies, the Export-Import Bank of the United States is still open for business to assist aftermarket executives with selling products to overseas customers.
Auto parts manufacturer Mahle Behr tested a new robotic cycle counting solution, working with digital supply chain solution provider Surgere and Fetch Robotics to test the system at its Dayton, Ohio, facility.
The rise of online fraud has outpaced regulations to combat it, especially in the auto parts industry, so it’s important to maintain a good reputation and to authenticate transactions and protect customers.
Many AASA supplier members believe that the electrification of vehicles will impact their businesses within the next 10 years – and, of those expecting an impact, the majority expect that impact to be negative.