The Original Equipment Suppliers Association (OESA) celebrated its 20th Annual Conference this week in suburban Detroit under the theme: “Transom Innovate Lead.” And while this year’s discussion that occurred the day after Election Day was dominated by trade and tariff concerns as well as discussions of talent strategies, leadership and technology, the afternoon session included a discussion of the North American automotive outlook in a session called “Navigating Peaks and Valleys.”
Cybercrime is an ever-increasing threat from which manufacturers are not immune. Although reliable statistics are not available, one particular type of scheme that seems to be on the rise is vendor payment fraud. In cases of vendor payment fraud, the fraudster poses as an existing supplier and provides the manufacturer with seemingly legitimate instructions changing the account payment information. The exact means by which vendor payment fraud schemes are perpetrated can take many forms. However, the most sophisticated and hardest to detect schemes often involve “hacking” into the vendor’s systems and sending a seemingly legitimate email or other instruction directing the change.
The American automotive industry in no longer making your father’s Oldsmobile — not by a long shot.
Today, pushed by evolving consumer behaviors, transformative technologies, and global market pressures, the automobile industry has entered a new industrial revolution where ingenuity and opportunity coalesce, and the tools of the trade include adaptive cruise control, autonomous vehicles, and nanocellulose and cellular V2X technologies.
Additive manufacturing (aka 3D printing) has long been a growing part of the auto industry. Companies started out using 3D printing for prototypes and small batch production. As technology advanced, the role of 3D printing is rapidly increasing. This week, several major players in the auto industry announced new developments for the role of 3D printing in the industry. HP unveiled its “Metal Jet” 3D printers, which it describes as 50 times more productive, with lower operating and purchase costs than existing technology. HP has already partnered with suppliers in the auto industry on the technology, and GKN Powder Metallurgy is already using the printers in its factories.
The threat presented by Hurricane Florence has forced government officials to order South Carolina residents to evacuate hurricane zones. Safety should always be the No. 1 priority for the millions of individuals and families affected by the storm. The mandatory evacuation and closure of many businesses and schools in the area has shut down a number of manufacturing facilities and distributors located in South Carolina.