Intel, rated the No. 4 supply chain leader by Gartner, keeps business moving through some of the most devastating natural disasters and disruptions.
Global supply chains at risk
The supply chain is the lifeblood of the automotive market. Typically, the production of an automobile requires thousands of parts from hundreds of suppliers. If just one critical supplier is unable to delive...r a component, manufacturing lines can halt suddenly, potentially costing the automaker weeks of production time and millions of dollars.
Natural disasters, political crises, and economic events can threaten the supply chain—and cause devastating business impacts. In 2011, flooding in Thailand pummeled the automotive industry, particularly Japanese automakers. Toyota Motor Corporation and Nissan Motor Company were both forced to stop operations due to a lack of parts from suppliers.
As the supply chain becomes even more globalized and interconnected, the impacts of natural disasters, and other disruptions will be felt much more broadly and severely. It is critical for automakers to have suppliers who are prepared for these events with strong business continuity practices.