Our newest issue of #WeDrive, Kearney #automotive and #mobility Magazine is out, and there is a lot to read!
One of the most interesting articles in this issue is Electrifying treasures, detailing the automotive industry's reliance on rare minerals (not actually all that rare..).
European, and for that matter global, car manufacturers are hooked on raw materials that are mined thousands of kilometers away, with serious risks concerning social and environmental footprint, as well as supply bottlenecks.
We see many examples for how companies are addressing this problem, from Tesla to General Motors to Toyota Motor Corporation.
It's clear OEMs have to take matters into their own hands. They must examine each raw material in terms of their own interests and define a strategy that will minimize procurement, price and image risks.
The obvious solution is to amass their own stocks of raw or processed materials. Long-term agreements with suppliers that stipulate exactly when and how much of the ordered material must be available also provide security. They could also invest in mining of their own.
And of course - go #circular and expand recycling.
The technical solution of recovering raw materials from batteries is already sitting on the shelf. China, for one, is moving full speed ahead with raw material recycling.
Highly suggest reading the article, best read of the day!
And if you'd like a copy of the magazine, just reach out and we'll get you sorted!
Dominik Leisinger Marcus M. Weber Andreas Mayer
https://lnkd.in/ec6je2x6
Executive - OEM and Services | Circular Economy | P&L Ownership | Enterprise | leadership | Strategy | Upstream O&G | MBA | MS + BSME
2moThanks for sharing. Similarly to the Carterpilar Reman, this is s successful and inspiring remanufacturing circular business plan for mechanical OEM industries.