Transformation and sustainability: challenges and opportunities for the Automotive supply chain
The Automotive sector is undergoing a phase of profound transformation, also in light of the latest decisions adopted by the European institutions on electric cars. The automotive sector is therefore undergoing a revision of the traditional business model, structural changes in investments, as well as an acceleration of scale growth for all companies in the supply chain.
The technological transition is an opportunity, however, significant investments in R&D are required and there is still a strong link between business size and innovation projects. Intesa Sanpaolo has acted as an accelerator of the growth of Italy’s real economy since its inception. To support the NRRP, the Group made over 400 billion euro of medium/long-term loans available to businesses and households.
The metamorphosis of the automotive industry was the focus of a conference organised by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division with testimonials from entrepreneurs, experts, economists, some of which are featured in this video. "With this initiative" said Mauro Micillo, Chief of IMI Corporate & Investment Banking Division, "our Group confirms its role in support of the economy and endeavours to take an active part in anticipating the great structural and technological changes of the automotive industry by supporting the consolidation and development plans for the entire production chain".
The automotive sector has always represented technological excellence and a central element of the production system and, thanks to the solid entrepreneurial skills present, it will continue to be an integral part of Italy's and Europe's strategic industrial fabric. The data on the Automotive sector confirm how strategic the segment is for Europe: 8% of the European Union's GDP is accounted for by revenues generated by the automotive sector; 11.5% of the manufacturing workforce and as much as 6.6% of the overall workforce is involved in the sector.