TECHNOLOGY
with technology companies to control more of the supply chain and , as a result , their business .
The rise of the mega supplier has an emerging consequential trend – one that carries even greater significance and injects new levels of risk and complexity into the automotive supply chain . That trend is convergence – the melding of the automotive and high tech industries into a potential new super sector .
Technology companies and other new supplier entrants are increasingly becoming the engine behind automotive innovation . The high tech composition of vehicles today – the ‘ connected ’ car , self-driving and selfdiagnosing vehicles – is propelling this multi-sector convergence . Conditioned by the electronics sector ’ s rapid and frequent product innovations in computing , gaming and communications devices , the automotive industry is finding that consumers now expect the same rate of innovation in the vehicles they drive .
The tech and automotive industries
22 January 2016