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Assumed to be insulated from such upheaval, even historically stable companies like Bosch are not immune to the financial pressure. Bosch recently announced plans to lay off over 10,000 workers in Germany due to the ongoing downturn in the automotive supply chain. Experts predict that insolvencies within this sphere will continue to rise, with estimates suggesting an upward increase of 40 to 50% in the coming years.
The shifting landscape of the automotive supply chain reveals significant shifts in stakeholder relationships as well. Vehicle manufacturers are increasingly cautious during price negotiations with their suppliers, due to their own economic vulnerabilities. This cautiousness is leading larger suppliers, traditionally seen as reliable, to face unprecedented pressures.