Production's risk mitigation on the field of Automotive Industry

Abstract

Due to its dynamic nature and complex supply chains, the automotive industry faces many production risks that can significantly affect operational efficiency and product quality. Vehicle production is highly demanding in terms of energy and raw materials. This paper examines the risks in the automotive industry, presents strategies that can be used to reduce these risks, since the goal is to increase flexibility and ensure a smooth production process. The adequacy of supply chain management, quality control, technology adoption, workforce training and regulation in its critical areas are examined, which cover the manufacturing process. The implementation of these strategies is crucial for automakers to effectively manage uncertainties, maintain high production standards, and maintain their reputation against competitors. By emphasizing the proactive measures presented, continuous improvement and collaboration with key stakeholders, automakers can strengthen their manufacturing processes against potential disruptions, ensuring sustainable growth, sustainability, and success in a highly evolving industry.