ManufacturingSeptember 16, 2019

How can OEMs mitigate the effect of an economic slowdown?

One of the worst things an automotive OEM can do when the economy is going down is to react too slowly. While it is nevertheless true that some OEMs may develop a strong resistance to economic slowdown phases, others may get into a big trouble. Whether an OEM will manage this challenge well will depend on the precautions taken by its management team, such as setting strong foundations in terms of risk management strategies.

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