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In the automotive industry where technology is racing forward at an unprecedented rate, emerging trends are multiplying rapidly and pressures on the supply chain to stay ahead of it all are mounting, it is hard to to know where to turn for the latest insights. Auto Trends provides bi-monthly insights into the most top-of-mind issues facing the automotive industry to help keep you in tune with the latest risks, opportunities and trends suppliers are facing today.
Managing manufacturing costs will be key to maintaining profitability among auto suppliers. Three areas can help control expenditures.
Disruptive change is here to stay, and financial planning and analysis in the automotive industry needs to transform along with it.
During inflationary times, suppliers can reduce taxable income by using the last in, first out cost-flow assumption for inventories.
The tariff rhetoric has been escalating for months, adding a layer of complexity to supply chain planning and cost management.
With proper planning, tax rate arbitrage between 2017 and 2018 can result in significant permanent tax savings for auto OEMs and suppliers.
The elimination of the sales and use tax physical presence could have a profound impact on the tax compliance obligations of auto suppliers.
Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.
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