Canadian Manufacturing

Frost & Sullivan reveals growth opportunities in the automotive circular economy

The industry's dependence on raw materials in the manufacturing process raises concerns about supply chain sustainability.

August 18, 2021  by CM Staff

Circular Economy in the Automotive Industry

SANTA CLARA — A circular economy in the automotive industry has become more prevalent among original equipment manufacturers (OEMs) worldwide over the past decade. OEMs adopt a circular economy to reduce their carbon footprint and comply with stringent government policies for sustainability. This creates opportunities for industry players to leverage sustainable strategies, such as remanufacturing and product life extension, and explore additional revenue streams.

Frost & Sullivan’s Joe Praveen Vijayakumar will be hosting a webinar on the Growth Opportunity Briefing, “The Growing Influence of Circular Economy in the Automotive Industry,” on August 25 at 9 a.m. EDT. This session will seek to support companies seeking to understand the key trends in the automotive circular economy and take the necessary steps to adopt best practices to lead the industry.

For more information and to register for the webinar, please visit http://frost.ly/66j

The industry’s dependence on raw materials in the manufacturing process raises concerns about supply chain sustainability. Furthermore, end-of-life battery reuse in stationary storage systems can provide additional revenue stream opportunities for electric vehicle (EV) manufacturers, leading to a shift in business models and potential partnerships with stationary energy storage systems solution providers.

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The webinar will dive into:

  • Discovering industry-wide best practices and key strategies to adopt a circular economy in the global automotive industry.
  • Explore the opportunities and challenges of the circular economy for OEMs, automotive retailers, government agencies, and other stakeholders in the industry.
  • Understand the growing impact of sustainable materials in the automotive industry and the opportunities they create for stakeholders in the automotive ecosystem.