Continued Challenges Have Automotive Suppliers Up Against the Ropes
By Aaron Racey, Managing Director & Jack Williams, Director, Riveron
Back in the fall of 2019, light vehicle production in North America was ending another strong year, at more than 16.3 million units. At that time, it was unimaginable that the automotive supplier community would have to endure the following challenges over the next three years:
We hope you enjoyed your free content!
To continue, please become a TMA member.
Access the Journal of Corporate Renewal and other content in the Learning Link.
Become part of a global organization of turnaround and restructuring professionals with 54 Chapters and more than 400 events each year.
Build your personal brand and professional network with opportunities to connect, speak, lead, and win awards.
Jack D. Williams is a director at Riveron. He has more than 16 years of experience, specializing in financial management, turnaround, and restructuring services to performing and distressed companies. He has extensive experience in providing financial expertise to manufacturing companies in the areas of supply chain risk management and distressed situations. Most of Williams’ industry experience includes automotive OEMs and Tier 1 suppliers, but he has also worked with multiple companies in the transportation and general manufacturing industries.
Aaron Racey is a managing director at Riveron and specializes in providing turnaround and restructuring, strategic advisory, crisis management, and profit enhancement services to performing and distressed companies and their constituents. He has more than 20 years of experience that combines a unique blend of both industry and professional services roles that have formed his significant expertise within the manufacturing and automotive sector.