The financial pressure in the Finished Vehicle Logistics (FVL) industry is high. According to newly released numbers from PwC, costs are significantly higher than pre-crisis levels and continue to rise. ” In addition to the cost development, the cost level is high, and there is no other way out than reducing our costs through efficiency improvements,” says Wolfgang Göbel, President of ECG.
The PwC European FVL Cost Index, shows that industry costs remain well above pre-crisis levels with no signs of easing. To remain competitive and prepare for the transformation ahead, the sector is intensifying its work on technical solutions to boost efficiency.
“Profitability must be maintained to make the necessary investments. Costs across all relevant areas continue to increase, so any cost reduction can only come through efficiency improvements – either by eliminating inefficiencies in the supply chain or by leveraging new technologies to increase productivity,” says Wolfgang Göbel. “To respond to financial challenges while remaining profitable enough to drive transformation, improving efficiency is essential – and this requires close collaboration across the industry.”
At the ECG Conference in Amsterdam, on 16-17 October, the FVL industry is focusing on ramping up work on technical solutions to enhance efficiency in the supply chain. The theme of the conference is ‘Changing Technology in a Changing World: The Power of Efficiency Through Innovation in FVL’ and reflects how ECG has proactively addressed the key challenges in the industry through transparency and standards. (....)