The bankruptcy of Lehman Brothers worries the troubled global automotive industry. On September 17th, William G. Diehl, chief executive of the international business consulting firm Beacon Consulting, boldly predicted that many auto parts suppliers will go bankrupt within 5 to 10 years. Only the best companies can survive. However, Beacon Consulting also believes that North American vehicle giants will eventually rely on integrating supply chains to survive this global crisis. General Motors Chairman and Chief Operating Officer Han Desheng stated in Detroit that the capital market is in a very difficult period, and the Lehman Brothers bankruptcy case further deteriorated the market situation. In the coming months, GM’s internal situation will be even more difficult. The outside world began to worry: North American auto giants headed by General Motors could survive this crisis. On the 17th, Diehl, CEO of the international business consulting firm Beacon Consulting, was full of confidence and said to the Shanghai Securities News that although this crisis was different from several historical crises. In previous crises, crises caused by rising costs or frustrations in consumer confidence have occurred. However, the crisis is complicated, including raw material price increases, consumer confidence frustration, and oversupply of suppliers. Although North American auto companies are difficult, there is no easy way to get them out of trouble. However, under the premise of economic recovery, as long as the auto giants can adjust the supplier base, they can weather this crisis. However, not all auto companies can weather the crisis. Diehl pointed out that: When the industry changes, the resistance of private car manufacturers is quite fragile. Based on statistics from North America, it is estimated that about 50% of companies will experience potential financial difficulties, which are mainly based on estimates made in North American statistics. Under the premise that global automakers are facing crisis, auto parts have become the most important pressure relief valve. Can they survive safely, especially in the rising prices of energy, raw materials, and labor, the steady appreciation of the renminbi, and the operating costs of the plant? With the increase, how will Chinese auto parts decide? In response, Diehl boldly predicted that many auto parts suppliers will go bankrupt within 5 to 10 years. Bao Lingge, general manager of Bakken Business Consulting Asia Pacific, made it clear that Chinese auto parts suppliers are particularly at risk of reshuffling. Because China's auto industry, 100 auto parts suppliers can only provide less than 50% of auto parts. In Europe and the United States, 20 parts suppliers can provide about 80% of auto parts. Because of the larger companies, the easier it is to reduce costs. In this context, companies began to rethink how to build an operating system in China and how to integrate China into the overall strategy of globalization. Label Stock,Jumbo Label Roll,Stockroom Labels,In Stock Label Jiangmen Hengyuan Label Technology Co., Ltd , https://www.jmhypaper.com
Caution: The auto parts industry may set off in 5 to 10 years