This milestone may indicate a shift in the industry's approach to supplier relations, suggesting that automakers could prioritize building trust and improving communication. The results may also signal a competitive advantage for companies like Toyota, which have historically prioritized relationships with suppliers.
Industry Milestone Achieved Amid Challenges
Global automakers have improved their relationships with suppliers over the past year, according to a prominent industry survey. The Plante Moran Working Relations Index found that all six major automakers, including Ford, GM, Toyota, Stellantis, Honda, and Nissan, improved their standing with suppliers. This milestone represents a first in the survey’s 26-year history. The results were reported by Reuters.
This milestone may indicate a shift in the industry's approach to supplier relations, suggesting that automakers could prioritize building trust and improving communication. The results may also signal a competitive advantage for companies like Toyota, which have historically prioritized relationships with suppliers.
Industry Milestone Achieved Amid Challenges
Global automakers have improved their relationships with suppliers over the past year, according to a prominent industry survey. The Plante Moran Working Relations Index found that all six major automakers, including Ford, GM, Toyota, Stellantis, Honda, and Nissan, improved their standing with suppliers. This milestone represents a first in the survey’s 26-year history. The results were reported by Reuters.