Auto Industry Similar to Textiles in Global Expansion


A speak­er at the Glob­al Auto­mo­tive Con­fer­ence made some inter­est­ing com­par­isons of the auto indus­try to tex­tiles. The tex­tile indus­try is glob­al and far­ther along than auto com­pa­nies. Most of its prod­ucts are no longer made in the U.S., which could be a trou­bling trend for automak­ers. The rise of com­mod­i­ty mate­r­i­al prices has prompt­ed automak­ers and sup­pli­ers to rethink busi­ness strate­gies, and the declin­ing val­ue of the U.S. dol­lar also presents obsta­cles for sup­pli­ers and automak­ers.