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SUPPLY CHAINS TO ADMIRE | 2023
Automotive Parts
There has been no winner in the Automotive Parts Sector for the past three years. Tethered to large brand owners with a diligent focus on cost-cutting and inadequate supplier development programs, only the tough survived in the Automotive Parts industry. BorgWarner wins this year. Over the ten years, there was a 20% decline in margin and a 30% decline in inventory turns.
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