The automotive industry is one of the most dynamic industries. The industry is changing so rapidly that you need a dedicated automotive advisory team to provide you with sound professional advice. Our team is focused on financial, operational, and supply chain issues facing the industry. Besides our traditional attest and tax service offering, our professionals have significant specialized expertise in business restructuring, financing, costing, transaction services, and operational improvement. Nationally, our firm represents over 250 automotive suppliers.
Some of the industry sub-segments that we serve include:
Challenges facing the industry:
Strategies for success:
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.
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Trump has not been happy with NAFTA since taking office, at times calling it the "worst trade deal ever signed by any country". After working for more than a year to finalize a deal, Trump called the new agreement "truly historic". The US, Canada and Mexico have reached a deal to update and rename NAFTA.
In the simplest terms, Industry 4.0 is the intersection of machines, devices, sensors, data and people all communicating in real time via the cloud, intranet or network (ERP/MRP) system. “Smart factories” will begin to propel manufacturing into a new era where production, information technology and communication (internet) are all connected together to improve processes and supply chain optimization. The ultimate manufacturing goal is to make more informed decisions that will move products faster through the supply chain. These premises are the foundation of the Industrial Internet of Things (IIoT).
General Data Protection Regulation (GDPR) is the most prescriptive global data protection law regulating enterprises that process personal data of European Union (EU) residents. The primary goal of the regulation is to provide a set of standardized data protection laws to make it easier for EU residents to understand how their personal data is being used and allow them to raise complaints, even if they do not reside in the country where the violation occurred.