How the mobility sector is re-emerging in a post-COVID-19 world

Advanced Manufacturing and Mobility Business Minute

In this episode, Akshi Goel, EY Global Advanced Manufacturing & Mobility Analyst, shares her insights about the key themes discussed by mobility sector leaders during the third quarter earnings calls.

In the second quarter, mobility companies were grappling with the impact of the COVID-19 pandemic on supply chains, trying to ascertain its longer-term ramifications. Now in the third quarter public earnings calls, mobility companies have come to the realization that to stay relevant into the future, they must be equally bold about the depth and pace of their transformation.

Key takeaways:

• Business reorganization: companies are restructuring core processes to suit digitalization initiatives, and leveraging digital to drive cost reductions and increase efficiency for long-term success.
• Competitive positioning: mobility peers are planning to enhance their competitive advantage in a recovering market as they strengthen their product mix going forward.
• Change in financial outlooks: despite a gradual recovery in major markets across the globe with more relaxed regulations and economic activity restarting, automotive peers are expecting low sales in 2020.