Page 32 - ITLN JAN-FEB 2022 for Magzter

Event Report
AutoSCM
Summit 2021

Multi-tier visibility,

digitalization is way forward for

automotive industry

in semiconductor crisis,

say industry leaders

Industry leaders from the automotive sector bat for multi-tier visibility, localization,
digitalization, and upskilling of teams as some of the key important components of
building resiliency against the current global semiconductor shortage in the long term.
Lakshmi Ajay

ndustry leaders from different tiers Senior leaders of the industry on time and there have to be various
of the automotive sector batted for collectively touched upon several ways to bring the components as that
companies to focus on multi-tier pain points faced by the industry is a challenge we are currently facing,
Ivisibility, localization, digitalization, collectively like huge air freight rates They can have long-term contracts and
and upskilling of their teams as the or spot rates, supply chain disruption volume booking of the components
way forward to building some resiliency in the past 18 months due to power that we are bringing so that when we
against the shocks of the current global outages in China, key port shutdowns have the material ready that can be
semiconductor shortage which are in China, container congestions in brought on time,” said Ankit Chandak,
slated to remain till 2024. the US, ice storms in texas, etc and head, supply chain management at
They were speaking on the panel the decrease in demand during the ElringKlinger Automotive Components.
discussing “Long term strategies and start of the pandemic and the renewal Speaking on short and long term
partnership to make the automotive of demand and higher digitalization strategies that automotive companies
semiconductor supply chain stable seen in the automotive sector post the can look into to mitigate the global chip
and secure’ as part of the fifth edition pandemic as reasons that led to the shortage, Sanjay Suranglikar, senior
of ITLN’s Auto SCM Virtual Summit global semiconductor shortage. general manager, central purchase,
presented by Frankfurt Airport and “If we talk about logistics community TATA AutoComp Systems said, "In
World Trade Center Pune- India held on then they need to reduce the lead times, terms of short term strategies we will
December 9th, 2021. ensure that we receive the components have to step into the suppliers' shoes

30
January - February 2022 www.itln.in