Trading Thoughts Blog
written by Caleb Holland
The Michigan Automotive Suppliers Symposium is a yearly event bringing together business owners, senior management, and decision-makers from all tiers of the automotive industry. This premier automotive supplier event provides the most up-to-date industry forecasts, latest issues, and trends, with opportunities to network and learn from others in the increasingly challenging and ever-changing industry of automotive.
The 23rd Michigan Automotive Suppliers Symposium happening on March 10, 2022, in Grand Rapids, Michigan paints the picture of what a modern auto industry is. Guest speakers from five organizations will take the stage to offer diverse perspectives on what is going on in the auto industry currently and will discuss their projections for the future. A new age of auto is upon us, so buckle up and enjoy the ride.
The Automotive industry is headed into what could be the largest shift in automotive technology: The shift from fuel to battery. Electric vehicles are starting to hit the market at a rapid rate, and by 2050, they are expected to make up 60% of new car sales. One company, located in the heart of Michigan's automotive industry is beginning to transform its market to stay ahead of the industry. General Motors has pledged a transition to electric vehicles. Over 50% of their spending will be dedicated to these models of the future. By 2025, their goal is to have 30 EV options launched globally with T available in North America. Speaking for GM at the 23rd Michigan Automotive Suppliers Symposium is David Leich, Executive Director of Global Supply Chain at General Motor. He is equipped with over 30 years of experience in the automotive industry and his expertise will complement his reports on GM’s current position in the global market as well as where they are headed in this ever-changing industry.
IHS Markit analysts have similar ideas about this new age of vehicles. With extensive forecasts of the driving industry, they predict the introduction of electric cars will create a domino effect in other industries. Gas stations will become obsolete; instead, charging ports can be installed at entertainment sites and shopping centers. The world of transportation will be cleaner and faster with this innovative technology. Mike Wall, a Grand Valley State University Alumni, will be speaking on the behalf of IHS Markit and will give his analysis of the automotive industry, first-hand.
Hydrogen is a key component in creating water, but Hyzon Motors has discovered many more of its capabilities. Their technology is based on complete hydrogen power. Hydrogen can be converted to electricity which, in turn, creates power for commercial vehicles and marine equipment. Jay de Veny, from the Hyzon group in Troy, Mi, has been working to execute the company's visions and create products that could change the course of the industry.
DRiV Inc. a division of Tenneco
Adam Kochenderfer has been working with DRiV Inc. to provide a strategic progression for their values and quality of products. As an industry leader in aftermarket and original equipment manufacturing, it is critical for Driv Inc. to use innovation to remain on the command post of the industry. Automobile parts manufacturing is dynamic and diverse, and Adam has the solutions to make their visions possible.
Warner Norcross + Judd
The stumbling blocks of the law are no problem for Warner Norcross + Judd. They are the epitome of the modern law firm by combining the latest technology with their tried and true law practices. Extranets and video technology allow the firm to assist clients in the same secure way as meeting in person. With changing automotive technology comes changing laws, but Warner Norcross + Judd has the compass to navigate its challenges. Michael Brady will communicate how they have been backing the automotive industry as it goes through its new-age transformation.
Join us on March 10th for a morning of networking and automotive discussions! Register here!
This event is generously title sponsored by: Plante Moran
Along with our 2022 Symposium Sponsors: ArtiFlex, Chase Bank, Corrigan Air & Sea, IHS Markit, Michigan Economic Development Corporation, Morrison Industrial Equipment, The Right Place, and Warner Norcross + Judd
About the Author
Hello! I am Caleb Holland and I am a freshman student assistant at the Van Andel Global Trade Center. I am currently studying marketing and advertising at Grand Valley and plan to pursue a career at an advertising agency. When I am not working or studying I enjoy running, swimming boating, and spending time with friends. VAGTC has provided me with great opportunities and I am excited to see what more I will accomplish here!