A big thanks goes out to Aftermarket News – the leading trade publication for the automotive aftermarket industry – for allowing ORG’s Managing Director, Jon Gormin, to share a few thoughts in the August issue.
His article, titled “Leverage Market Turbulence in 2020 to Accelerate Growth,” explores several key issues facing company owners and management teams working in the automotive aftermarket vertical during the current pandemic environment. These include considerations for investing in R&D and retooling, along with advice about positioning a company for discussions with potential business partners, including acquirers.
As Jon points out in his article, although some businesses in the automotive aftermarket space have experienced varying degrees of turbulence due to supply chain disruptions and difficulties interacting with OEMs due to COVID-related manufacturing slow-downs, ORG believes the aftermarket business will emerge from current economic cycles with positive momentum.
On the other hand, the coming industry disruptions led by electric and autonomous vehicles, along with stricter environmental regulations, means that companies must begin preparing for widespread change and start making strategic moves soon, including investment, to best position themselves for continued success and relevance.