Opportunities in the radar for automotive suppliers

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The tooling segment is an area of business opportunity to participate in the supply chain of the automotive industry. Armando Cortes, executive director of the automotive sector for ProMexico, mentioned that the cost for joining this sector is high and companies that are interested must promote strategic partnerships with the parties involved. Mr. Cortes commented that the trend towards the development of electric, hybrid or self-drving vehicles will raise the demand for electronic components, GPS systems, among others, as well as new materials. He said that the challenge is to invest on research and development, especially for metal-mechanic companies, since this could give them a competitive advantage.