The United States has levied 25% tariffs on imports from Mexico and Canada—2 segments closely connected to the US auto industry. Most brands in the United States depend on Mexico and Canada for sourcing and production. Coupled with retaliatory tariffs, near-term impacts to North American volumes and inflation can be sizable. Firms should prioritize real-time supply chain and inventory management to curtail shocks. Local sourcing and production capabilities are a need rather than a potential option, especially in large segments such as the United States.

In addition, auto, steel, and aluminum producers are expected to benefit from the rapid proliferation of AI, leveraging it to cut waste in their systems by automating tasks and increasing efficiency.

• How can automakers capitalize on AI to rapidly advance their autonomous vehicle projects and gain a competitive advantage?
• What steps could automakers take to achieve growth and realign their growth strategies and vehicle portfolios as per changing vehicle priorities?
• With significant regulatory changes boosting oil and gas opportunities in the country, which best practices can help your company grow in the off-highway equipment space?