(English) COVID-19 has Brought About a Demand Vaporization in the Automotive industry, Says Zinnov

– Changing consumer demand, a disrupted supply chain, and production stoppages are impacting the Automotive industry

– Ride sharing firms have been impacted as Uber, Lyft, and other mobility providers have lost upwards of 60% market value as consumers opt out of the «sharing economy.» There will be business model pivots to create alternative revenue streams

– On the other side of recovery, Industry 4.0 and Automation-led initiatives will take center stage as carmakers seek enhanced manufacturing productivity

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