E-Commerce Will Have Significant Cost, Speed and Organizational Impact on Vehicle Makers and Auto Suppliers
5 June 2000
E-Commerce Will Have Significant Cost, Speed and Organizational Impact on Vehicle Makers and Auto Suppliers
Auto Industry Procurement and Production to Be
Special Focus at eAutoWorld Conference
RICHMOND, Va., June 5 The following press was issued
today by eMarketWorld.com:
The century-old relationship between vehicle manufacturers and their parts
and components suppliers will be profoundly affected by the Internet in the
next several years, with fundamental changes likely in many areas. The future
of automotive development and manufacturing will be the focus of a special
track at the upcoming eAutoWorld conference on June 19-21 at the Hyatt Regency
Hotel in Chicago.
"We're featuring a diverse group of top executives from the automotive
industry who will talk about the transformation already taking place in the
industry due to use of the Internet to connect manufacturers, suppliers,
dealers and consumers," said John Couretas, vice content chair of eAutoWorld
at eMarketWorld.com. "With the formation of Covinsint, the
business-to-business Internet exchange developed by General Motors, Ford and
DaimlerChrysler to conduct business with their suppliers, it's clear that the
auto makers want to move quickly into cyberspace. This single exchange will
bring all of the major suppliers and the manufacturers together in a virtual
environment that has the promise to save billions of dollars and shave weeks
off the production and distribution of cars and light trucks in North America
and around the world."
According to various industry sources, utilization of the Internet could
have the following impact on the automotive industry:
-- A cost savings of over $1,000 per vehicle
-- Further consolidation/globalization of the supply base
-- Reduction by one-third to one-half in traditional 60-100 vehicle
inventories
-- Mass customization allowing manufacturers to differentiate similar
vehicles with consumer-requested options
-- Decrease vehicle development time from 12-18 month cycle
"Because the rate of change and adaptation has been so rapid in this area,
we expect to hear some very new and different perspectives from the executives
participating in the conference," Couretas said.
The conference will feature auto industry-related presentations from
executives representing General Motors, Ford, DaimlerChysler, Delphi, IBM,
Motorola, Microsoft, J.D. Power & Associates and EDS.
Registration fee for the show is $1,295, which includes admission for more
than 50 presentations and workshops and exposition floor featuring offerings
from 75 companies. To register or for additional information, contact
800-942-9770 or http://www.eautoworld.com .
eAutoWorld is produced by eMarketWorld.com, an Internet company that
combines vertical industry-specific conferences with highly transactional
exchange floors to form an eBusiness Marketplace to educate senior executives
on the opportunities offered by the Internet and enable them to accelerate
their impact on the new economy. These content-rich programs are targeted
toward buyers and sellers and promote dynamic networking and knowledge sharing
opportunities. Each conference explores the critical issues facing the
rapidly changing and fiercely competitive Internet landscape.
eMarketWorld.com plans to coordinate more than 50 conferences by the end
of 2000, including @d:tech and eHealthcareWorld. EMarketWorld.com is a
partner company of Internet Capital Group . To obtain
information on all of eMarketWorld.com's conferences and trade shows, please
call 804-643-8375 or visit http://www.eMarketWorld.com .