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Automotive logistics is the painstaking planning and execution of a complex automobile transportation procedure. It includes all forms of transportation, including rail, truck, and marine.
Logistics in the automobile sector might include the following features: Input acquisition / Supply chain. Interaction between suppliers and customers. Controlling storage and inventory.
Logistics tasks include transportation/delivery, storage, packing, cargo handling, distribution processing, and information processing, and various systems have been put in place to carry items from the manufacturing facility or factory to the customer promptly and on schedule.
Transportation expenses, inventory carrying costs, and administrative costs are the three main components of overall logistics costs. Total transportation expenses include both main and secondary transportation costs.
A supply chain is made up of all the businesses and persons involved in the manufacture of goods, from raw materials to finished items. Logistics include shipment, storage, delivery services, transportation, and commercial shipping. The thorough planning and execution of a complex automobile transportation operation is referred to as automotive logistics.
It includes all forms of transportation, including rail, truck, and maritime. Automotive logistics refers to the transportation of auto components, replacement parts, and entire vehicles from supplier to customer, including transport, warehousing, unloading, loading, distribution, and data processing as the key functions.
The Canada Automotive logistics market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
NGen launches new fund to support Canada’s EV value chain. Next Generation Manufacturing Canada (NGen) announced financing and launched a new request for project proposals aimed at the whole value chain of road-based battery and fuel-cell electric cars, as well as the systems and components that go with them.
NGen’s new strategic challenge aims to overcome the EV industry’s innovative hurdles. It will build on the success of the previous initiative, which sponsored business-led collaborative initiatives to assist the development of skills in Canada’s EV value chain.
In a news release, NGen describes how recent investments in the EV industry are fostering new forms of innovation and commercial potential for Canadian suppliers of car components, tech firms, and other industries. To fully benefit from these investments, Canada will need to develop new goods, technology, and supply chain connections.
A world-class EV supply base and ecosystem will need to be developed in Canada in order for NGen’s new financing program to be successful. This ecosystem will serve as an anchor for current investments and support future growth in both investment and talent development.
