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The accelerated transformation of the automotive industry continues in 2022. Various key industry players are committed to reduce emissions even faster than legislators request it and at the same time, to deliver a completely new driving and ownership experience. The transformation from machinery to technology powerhouse becomes more and more visible. And all of that is happening in the aftermath of the deepest global economic crisis in recent history and while the automotive industry has been hit by the largest supply chain crisis ever seen.
Although the global economy made the transition from recovery to expansion in 2021, the COVID-19 pandemic is still impacting businesses and economies around the world. An uneven economic expansion generated supply/demand imbalances, leading to major supply chain disruptions and rising inflation. Supply chain disruptions, energy price hikes, and technology costs will continue to exert upward pressures on prices in 2022 and beyond.
Please join us for our automotive spring briefing, where we share with you our latest views on the state of the global automotive industry and scenarios on how things could develop going forward.