If you are waiting for 2019 to return, today is a good day to reevaluate your expectations. Over the last few years Seraph has been in dozens of supplier plants and worked with major OEMs around the globe. Even as the world is changing, many still hold out hope for returning to pre-COVID conditions. It’s only natural to resist change.
But a lot has changed since then, and the evidence supporting a ‘return to normal’ has evaporated. The economy went through a stop-start unlike anything since the world wars. Supply chain shocks forced a reevaluation of risk at the same time as EVs necessitate building new supply chains. For those outside of manufacturing, supply chain stability has become a phrase they wish they never heard, but they have. We now see government policy and consumer expectations that support building an electric, resilient future.
Below is our quarterly report chronicling the current challenges and powerful trends that will determine profitability for 2023 and the market share leaders of the next decade.
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