Talent Plastics Tartu AS’ Post

Hey! Early sunny greeting from Vilnius! Yesterday our sales manager Laura Kaur visited the Automotive Industry Forum in Vilnius, Lithuania. It was a great event to hear about the latest trends in the (and connected) industry but also was a great platform to discuss also the challenges the industry faces today and in the future. Some thoughts to take from the event: 1) The green deal - a lot was spoken why sustainability is important and could be an advantage. On the other side, it was highlighted that it is still costly to invest in the needed new technology, which is somewhat a showstopper. Eventually, all the changes and therefor the costs will be visible in the prices that the end customer has to cover. Shortly put: how to be sustainable and align with the goals for zero emission while still keeping the product/service in an affordable range for the end customer - this will be the main challenge companies have to face in the coming years. 2) China - some years back, the automotive industry companies had a good position in the EU market and had many big development plans (a rephrased thought mentioned during the presentation by the Lithuanian Minister of Transport and Communication). Now, with the new EU regulations and China coming to the market with more affordable electric cars, compared to EU companies, there is a big shift in the industry as Chinese companies are taking a bigger market share. Therefor: how can European companies be competitive today and in the future when Chinese companies are more ahead with technological development and are less costly for the consumer? There was a thought to try adopt with it, cooperate with the Chinese but most importantly, one must try to find innovative ideas. Suffice to say, it is not an easy task. Regardless of the fact that the situation on the market is tricky due to a number of reasons, it was motivating to see how the leading companies in the industry have still big plans for the future and a vision. And, one must say, very impressive growth plans! What did Talent take from this event? Firstly, it was a great opportunity to network and meet the people in the industry. Secondly, given the topics and what the speakers mentioned, it was a brilliant insight where to look and put resources in as a supplier to automotive industry companies. From business development perspective, it was a good event to get leads, of course :) And lastly, a thought from the presentation the CEO of Hella Lithuania made: "The glass is not half empty or half full, there is no glass. Start to think outside of the box." With this thought we at Talent wish you all a nice brainstorming weekend! They say relaxing helps to boost productivity, so this must be done properly as well. Have a great weekend! #talentplastics #automotiveindustry #innovation #foodforthought #fridaymotivation https://lnkd.in/dFKMAmnq

AUTOMOTIVE INDUSTRY FORUM 2024

AUTOMOTIVE INDUSTRY FORUM 2024

automotiveforum.lt

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