Blog – What is next for Global Automotive Sales and Production – April 2023
Summary:
Global automotive sector continues to face many challenges including the green transition.
Expansion of plug-in stations capacity continues to plague governments around the world - https://www.forbes.com/sites/richardkestenbaum/2023/04/03/shells-169-million-volta-acquisition-highlights-uncertainty-for-convenience-store-industry/?sh=60bb86586ea0 or https://infocastinc.com/event/ev-infrastructure-finance-investment
Challenges continue to face the transportation sector as part of transitioning to cleaner fuel sources - https://www.nature.com/articles/d41586-023-00951-z
Lithium production and supply continues to face many challenges - https://www.bnnbloomberg.ca/china-s-lithium-hub-cuts-back-production-after-price-collapse-1.1905158
Critical metals continue to experience wild swings - https://resource-recycling.com/e-scrap/2023/04/05/lithium-copper-cobalt-prices-trend-down/
Safety issues with electrical vehicles continue to be addressed - https://weta.org/watch/shows/reactions/why-are-electric-vehicle-fires-so-hard-put-out-bt9l2a
Insurance Risks - https://www.thejakartapost.com/business/2023/04/05/ev-insurance-in-limbo-amid-battery-spare-part-risks.html
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Reporting
and Policy Development
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: paul.young_cga@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
3. AGENDA
• Canada – Automotive Sales
• USA – Automotive Sales
• Automation/Productivity
• Ford
• Electrical Vehicles
• Global Sales
• Auto Parts
• Summary
9. FORD
MOTOR
COMPANY
• Ford continues to restructure its operations -
https://www.industryweek.com/leadership/articl
e/22027835/ford-will-close-six-european-
plants-as-part-of-global-downsizing or
https://www.industryweek.com/talent/article/22
027622/ford-slashing-7000-jobs-as-sweeping-
disruption-hits-automakers
11. TECHNOLOGY
• RPA / Logistics - https://www.mhlnews.com/technology-automation/article/22055044/how-robotics-
technology-is-modernizing-thirdparty-logistics
• Analytics / Automotive - https://www.mygreatlearning.com/blog/analytics-is-driving-the-automotive-industry-
from-good-to-great/
• IBM and Automotive - https://www.ibmbigdatahub.com/industry/automotive
• AI and Automotive - http://www.canadianautoworld.ca/industry-news/how-artificial-intelligence-is-
transforming-the-auto-manufacturing-sector
• Big data and IOT - https://www.financialexpress.com/brandwagon/how-big-data-and-iot-connection-has-
transformed-the-automotive-industry/2107977/
• Digital - https://digitalmarketinginstitute.com/blog/5-ways-digital-is-transforming-the-car-buying-experience
• Cloudpak - https://www.youtube.com/watch?v=ZxDVnBWX3Qw
• Supply chain management -
https://ibm.ent.box.com/file/648099650319?s=63aqf8jo004v2bo5f8cf6eppgglhbvs5
12. AUTO PARTS
• Automotive Parts - https://linchpinseo.com/trends-in-the-automotive-aftermarket-parts-industry/
• Re-starting Automotive - https://www.prnewswire.com/news-releases/deloitte-restarting-the-stalled-
automotive-sector-301092622.html
• Warehousing and distribution - https://www.autoserviceworld.com/transportation-and-warehousing-sector-
down-23-1-in-april-statscan/
• eCommerce / Parts Management - https://www.businesswire.com/news/home/20200727005165/en/U.S.-
Auto-Parts-Network-CarParts.com
• New USMCA deal - https://www.industryweek.com/the-economy/article/22026500/how-will-the-shift-from-
nafta-to-usmca-affect-the-auto-industry
• Unifor / Automotive - https://canada.autonews.com/labour/unifor-select-detroit-3-bargaining-target-sept-8
13. EV BATTERY
PRODUCTION
Source – Moody's
Here is my work on clean
material -
https://www2.slideshare.net/paulyou
ngcga/clean-technology-what-is-
next-for-raw-materials
or
14. BLOG – AUTOMATION
Blog - Manufacturing Automation: Connected manufacturing: Realizing your ROI on data -
https://www.linkedin.com/posts/paul-young-055632b_manufacturing-automation-connected-manufacturing-activity-
6818842790190030849-BByT
Thanks to wide deployment of IoT sensors, many manufacturers are sitting on mountains of collected data. Capitalizing
on their investments will come not from mega-projects, but from incremental initiatives. Source -
https://www.canadianmanufacturing.com/features/manufacturing-automation-connected-manufacturing-realizing-
your-roi-on-data/
This ties nicely to my work on automation and machine learning -
https://www.slideshare.net/paulyoungcga/automation-robots-and-machine-learning
15. ESG AND SUSTAINABILIT Y REPORTING
What is next for Sustainability and ESG reporting - https://www.linkedin.com/posts/paul-young-055632b_accounting-the-line-between-transparency-
activity-7038190497969950720-meoM?utm_source=share&utm_medium=member_desktop
The ISSB is to allow companies to hold back commercially sensitive information about sustainability-related opportunities
But they must still disclose the effects of sustainability-related risks on their business
Materiality, scalability and interoperability have emerged as three key themes to watch
https://www.ipe.com/esg/accounting-the-line-between-transparency-and-confidentiality/10065346.article
This ties nicely with many of my blogs on ESG and Sustainability:
Blog – Sustainability and ESG Reporting – How best to Manage the Supply Chain to Achieve Net Zero - https://www.linkedin.com/posts/paul-young-
055632b_4-steps-supply-chain-leaders-can-take-now-activity-7038135133589176320-_CHz?utm_source=share&utm_medium=member_desktop
Blog – Sustainability and ESG Reporting – How best to be a leader in Resource Stewardship - https://www.linkedin.com/posts/paul-young-
055632b_resource-stewardship-activity-7038124098052382720-JjNS?utm_source=share&utm_medium=member_desktop
Blog: Sustainability and ESG Reporting – How to Decarbonization and Efficient Energy - https://www.linkedin.com/pulse/blog-sustainability-esg-
reporting-how-decarbonization-paul-young
Blog – ESG and Sustainability – Biodiversity Capturing and Reporting - https://www.linkedin.com/posts/paul-young-055632b_what-is-
biodiversity-and-how-does-it-affect-activity-7038115093066223617-CUHj?utm_source=share&utm_medium=member_desktop
Blog - Sustainability and ESG Reporting - Developing key Policies related to Waste and Pollution - https://www.linkedin.com/posts/paul-
young-055632b_waste-management-critical-for-businesses-activity-7038127159349039104-
66VS?utm_source=share&utm_medium=member_desktop
16. SUMMARY
• Green transition continues for the automotive sector
Blog – What is next for Global Automot
i ve Sales and Product
i on – April 2023
Summary:
Global automot
i ve sector cont
i nues to face many challenges including the green transit
i on.
Expansion of plug-in stat
i ons capacity cont
i nues to plague governments around the world -
https://www
.forbes.com/sites/richardkestenbaum/2023/04/03/shells-169-million-volta-acquisit
i on-
highlights-uncertainty-for
-convenience-store-industry/?sh=60bb86586ea0 or
https://inf
ocast
i nc.com/event/ev-infrastructure-f
i nance-investment
Challenges cont
i nue to face the transportat
i on sector as part of transit
i oning to cleaner fuel sources -
https://www
.nature.com/art
i cles/d41586-023-00951-z
Lithium product
i on and supply cont
i nues to face many challenges -
https://www
.bnnbloomberg.ca/china-s-lithium-hub-cuts-back
-product
i on-after
-price-collapse-
1.1905158
Crit
i cal metals cont
i nue to experience wild swings - https://resource-recycling.com/e-
scrap/2023/04/05/lithium-copper
-cobalt-prices-trend-down/
Safety issues with electrical vehicles cont
i nue to be addressed -
https://weta.org /watch/shows/react
i ons/why-are-electric-vehicle-f
i res-so-hard-put-out-bt9l2a
Insurance Risks - https://www
.thejakartapost.com/business/2023/04/05/ev-insurance-in-limbo-amid-
battery-spare-part
-risks.html
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Editor's Notes
Source - https://tradingeconomics.com/canada/car-registrations or https://www.goodcarbadcar.net/2020-canada-auto-sales-figures-by-manufacturer/