Global sustainability may be described as development that would meet the current or prevailing needs without compromising the capability of the future generations to attain their own needs.
The automotive industry, despite being the second best contributor to per capita income has experienced major hurdles. The sustainability of the motor vehicle industry is at crossroads.
Concerns have been raised to speculate the sustainability of the motor industry. Considering social, environmental, and economic approaches, the motor vehicle industry should reshape its operations to secure future competitiveness.
Competition among the Original Equipment Manufacturers (OEMs) has been on the center stage in enhancing production of efficient car brands such as minivans and SUVs.
As competition intensifies, automotive industries are on a constant struggle to maintain profits.
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These questions address sustainability in the motor industry around social, environmental, and economic perspectives. New technologies have led to production of efficient vehicles and SUVs that fair greatly in the global competition.
The dwindling economy seems to aggravate the question of sustainability through completion that raises product quality. In the advent of such speculations, global leaders in the automotive industries must embark on elaborate strategies to mitigate the factors that may hinder the sustainability.
The managers need to evaluate what competitors are doing better than they are, innovate news ways of thriving in completion, anticipate trends, and devise proper mechanisms to attain competitive advantage.
Ayres, Robert U, and Paul M. Weaver. Eco-restructuring: Implications for Sustainable Development. Tokyo: United Nations Univ. Press, 1998. Print.
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