Electronic Vehicles
Impact to Participants
Challenges for the EV Sector
Technological
New game changing battery technologies still in prototyping stage and strong reliance on charging station network reliabilities.
Organizational
Increased dependence on certain global key suppliers and raw materials for both commodity and specialty components/materials, from semiconductors to battery and minerals.
Financial
High cost for mainstream deployment, high capex and pay-back uncertainty around charging infrastructure, battery plants, EoL battery availability for recycling and EV demand.
Geopolitical
Navigating thought new trade alliances and sanctions, limited geographical access to some of the key resources.
Societal
Development of shared solutions vs. owned, workforce and skill shortages, and generalization of remote working environment
Environmental
Increased regulatory and anti-pollution requirements/expectations, impact of 2030/2035 goals for reduced internal combustion car (ICE) sales globally.
Market
Emerging competition from Chinese manufacturers in the EU and US markets.
How Can Vertaeon Solutions Address Them?
It is not an easy task to have a near complete visibility on your global operations let alone with 100s or 1000s of value chain partners. Companies are more aware of the need for up-to-date risk and market intelligence, but face high costs, information silos, internal expertise for advanced cloud solutions, and resource allocation as barriers. Several companies have various uncoordinated programs to address credit risk or compliance but not comprehensive, ongoing, assessments that can support expensive decision making.
With Vertaeon’s intuitive, modular, and scalable EV Intelligence Platform, you can identify, assess, prioritize, and monitor on-going risks and market trends relevant to your supply, sales, markets or company. We take a comprehensive approach by combining internal indicators such as company financial risks or capacity expansions with macro external risks such as geopolitical or natural disaster risks. Over 100+ indicators are assessed across the value chain, and we are still expanding!
Another key aspect we delve into is environmental, social and governance (ESG). This involves tracking supply chain ESG performance and ESG risk events for sustainable procurement or sales. We go beyond this to conduct Machine learning (ML) and AI applications to improve the environmental (energy use, water consumption, emissions, waste reduction) and social (safety) impact of battery supply chains while enhancing the cost economics. Our governance focus includes business ethics indicators such as bribery and corruption, antitrust and more.
This holistic assessment is deployed via a user-friendly, secure, cloud platform which not only eliminates IT installation, but promotes sharing and collaboration among global teams. Go beyond one-off solutions and just ‘alerts’ to understand and minimize risks, grow/maintain market share and achieve sustainable growth with Vertaeon risk platforms!
