Michael Martin, VP Strategic Development Global Automotive, DHL Supply Chain, said, “DHL has decades of experience working in both the automotive and technology industries. We have witnessed how these two industries have converged and seen firsthand the risk and uncertainty it can cause. The infusion of new suppliers into the automotive space means that supplier risk management has taken on new urgency and complexity in the automotive industry. There is newfound risk in competing with other industries, not least the consumer tech industry, for tech supplies. Automotive players need to diversify their supplier base by sourcing locally or near-regionally to reduce dependence and hedge their risk.