1、Global Automotive Risk Outlook 2024What does the future hold for OEMs and component manufacturers?WTW Global Automotive STABLE OF CONTENTSIntroduction 4Key findings 5Sector overview and risk landscape 6Automation,software and digitalization 10Electrification and alternative energy 14Supply chain 17C
2、ontractual responsibilities and liabilities 19Risk management and insurance 21Conclusion 254/Global Automotive Risk Outlook 2024 The pace of change within the automotive sector is unprecedented,where modern vehicles are viewed as computers on wheels as much as they are machines.Innovation within sof
3、tware and electronics applications enables vehicles to predict,identify and avoid potential collisions.With over 30,000 individual components in vehicles rolling off factory floors today,the level of integration is unprecedented.But what happens when one of these products fail?As well as navigating
4、the fast pace of electrification,automation and connectivity,manufacturers must also negotiate new contractual roles and responsibilities,and plan for potential liabilities in case of,as yet unknown,technological defects.At this time of great risk and opportunity we surveyed 500 leading companies ar
5、ound the world,to find out how they see the industry developing.This includes original equipment manufacturers(OEMs)and component manufacturers,to highlight the unique challenges encountered at different stages of the supply chain.We found that businesses are broadly optimistic about the future,desp
6、ite various headwinds.With global conflicts and trade tensions on the rise,ESG requirements and regulations becoming more onerous,and the risks associated with software and autonomy yet to be fully understood,the sector faces a number of new challenges.Companies are increasingly dependent on third p
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