The Volkswagen Group admits that it is still feeling the effects of the Covid-19 pandemic, the war in Ukraine and the related chip supply crisis. The crisis is passing, but more important than that is the future and preventing the next one. The German company has therefore developed a new strategy for purchasing electronic components to ensure its supply in the long term 📈
📣"Accurate knowledge of the semiconductors used allows us to better determine the global demand and availability of these components. This emphasises risk management, which will extend to the level of individual electronic components in the future and will help us detect and avoid bottlenecks early on. For strategically important semiconductors and even for the planned future growth of the Group, we will rely on direct purchases from semiconductor manufacturers," - said Dirk Große-Loheide, Member of the Volkswagen Passenger Car Purchasing Board and member of the Volkswagen Group Executive Board.
According to the company, a special Semiconductor Supply Committee (SSC) has been established in all brands, consisting of representatives of the supply and brand development departments, as well as Volkswagen Group Components and CARIAD. In the event of so-called bottlenecks in the supply of electronic components the company wants to identify and implement alternative technical solutions faster 🚨 The attitude of the German car manufacturer is a great example of how a company can prevent future, potential crises that affect its financial liquidity by developing new policies and operating principles.
Wprost.pl writes more on this topic 👉
29 June 2023. We invite you to read the full version:" Semiconductors are still a challenge. The giant has found a way around them
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