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There is a strong demand for the global transition away from vehicles with conventional internal combustion engines (ICE) toward those with electrified powertrains. The demand is creating greater complexity for original equipment manufacturers (OEMs) and their supply chains. Electric vehicles (EVs) market unit sales are expected to reach 2.13 million vehicles by 2027.1 To meet this target, OEMs...
On May 15-18, 2023, over 10,000 industrial enterprise professionals convened virtually and in person at the Boston Convention and Exhibition Center to attend LiveWorx, PTC’s premier digital transformation event. This year’s forum was all about harnessing the power of digital to help manufacturing companies improve efficiencies and deliver better products and services. It featured: Engaging...
There are many players involved in the product development process. From engineering, quality, and procurement to suppliers and contract manufacturers—everyone must work off the same design to ensure that the right parts get sourced, the proper assembly lines and tooling are in place, and the product meets customer expectations. Oftentimes extended product teams and suppliers do not have an...
