At Inchcape, our ambition is to enhance our position as the world’s leading automotive Distributor, at the forefront of our industry's transformation. We recently launched our evolved Accelerate+ strategy, which will help us achieve our ambition and power our growth out to 2030 and beyond. This is an exciting time for Inchcape as we transform tomorrow, together and build an even stronger business for the benefit of our colleagues, OEM partners and investors. Read more: https://lnkd.in/gxVcU734 #TransformingTomorrowTogether #Accelerate+ #Inchcape #Transformation #Growth
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It was great to be a part of @Inchcape plc’s ‘In the Driving Seat’ investor webinar yesterday, where I introduced Accelerate+, our evolved strategy. Accelerate+ sets out a clear framework to charge growth out to 2030 and explains how we will remain the best Distribution partner for OEMs. Accelerate+ builds on the achievements of our Accelerate strategy, driving new growth opportunities and reflecting Inchcape’s ambition to enhance our position as the world’s leading automotive Distributor. #InTheDrivingSeat #Accelerate+ #ITDS #Inchcape #Strategy
Today’s a big day for Inchcape... ● We are excited to share details of Accelerate+ – the next evolution of our strategy – that sets out how we will enhance our position as the world’s leading automotive Distributor. ● As well as sharing Accelerate+, this afternoon’s ‘In the Driving Seat’ webinar will offer a deep dive into the exciting growth dynamics of our APAC region. Read more on our website here: https://lnkd.in/e__a7e6y and sign up to attend our webinar virtually here: https://lnkd.in/e2TAjzT4 #InTheDrivingSeat #Accelerate+ #Inchcape #APAC #Strategy
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Check out our latest ad in the recent edition of Automotive News! To inquire about our 75+global opportunities, email us at buy@dsma.com or contact Farid Ahmad at farid@dsma.com or 416.844.5581. #automotivenews #mergersandacquisition
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HELLA's 125-Year Legacy: A Commitment to the Future! 🚀 As HELLA celebrates 125 years of history, our promise of reliability and partnership with wholesalers and workshops has never been stronger. Building on this solid foundation, HELLA is committed to adapting to the evolving needs of our partners and their customers. 💪🏻 By strengthening traditional commitments with forward-looking initiatives, HELLA ensures that partners can rely not just on historical expertise but also on a future-oriented approach that anticipates and addresses tomorrow's automotive challenges. HELLA's long reputation of deep-rooted experience and commitment to quality are complemented by a continuous dedication to innovation and adaptability. In an era defined by rapid technological advancement and changing market dynamics, HELLA is actively investing in the future, focusing not only on today’s problems but also on tomorrow’s opportunities. 💛 Learn more here 👉🏻 https://brnw.ch/21wMkdD #HELLA #125Years #Innovation #Quality #Automotive #Wholesalers #Workshops #FutureOriented #TechnologicalAdvancement
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As the Koenigsegg Gemera is set to make its mark on the world, I’m filled with a deep sense of pride and fulfillment. Being part of the development and design team for the vehicle systems and cooling system for the transmission has been an extraordinary journey. Seeing this incredible car come to life, knowing that I played a role in its creation, is truly a dream come true. The Gemera isn't just a car; it's a masterpiece of engineering and innovation. Every curve, every roar of the engine, every detail reminds me of the countless hours, challenges, and triumphs that were part of this project. It's a reflection of the dedication and passion of everyone involved at Koenigsegg. Working alongside such talented and visionary teams has been an honor. The experience has taught me so much and has made me even more committed to pushing the boundaries of what's possible in automotive engineering. The feeling of seeing the Gemera is like walking through the familiar alleys of my childhood, where I knew every detail by heart. It's a powerful reminder of the effort, precision, and love that went into every aspect of its creation. I am incredibly proud to have contributed to what is now one of the most powerful and beautiful cars on earth. This achievement is not just a milestone in my career but a testament to the spirit of innovation and excellence that defines Koenigsegg. Here's to many more groundbreaking innovations and the amazing team that made the Gemera possible! Photos from topgear.com and businessinsider.com #Koenigsegg #Gemera #ProudMoment #EngineeringExcellence #Innovation #Teamwork
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Consider investing in January 2025: AutoNation( $AN ), Intel( $INTC ), Nabors Industries( $NBR ), Urban Outfitters( $URBN ), Stryker( $SYK ), Wynn Resorts( $WYNN ), Global X( $EMC ), OReilly Automotive( $ORLY ), Hasbro( $HAS ), Cognizant Technology( $CTSH ), SEI Investments( $SEIC ) and Freeport McMoran( $FCX ) https://lnkd.in/gaiBgaMM
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So much has changed at AMG Systems over the last few years I wanted to bring everyone up to date a little more proactively via regular LinkedIn posts. Feel free to connect with me to view twice weekly news updates throughout this summer. And if you find these posts useful we will continue providing them here for the foreseeable future. Enjoy😊 Firstly, here are 6 HIGHLIGHTS capturing what has happened across AMG Systems in the last 4 years or so since our senior management completed a management buyout. It’s been quite a ride…. 1. 90% of AMG’s product range has now been redeveloped– a total of 37 new product series have already been launched into the market and over 500 new part numbers (a lot more on these launches will follow in future posts and in press releases we’ve recently started sending to the security trade media as well) 2. We’ve also created a Middle East base in Dubai and a US HQ in Connecticut 3. We have a new distribution hub at Castleford in West Yorkshire and have also built an Engineering & Technical Services Lab there too 4. We’ve tripled the number and value of our finished goods and components inventory to ensure product availability regardless of order size. 5. We have invested a significant amount into the latest state of the art Ethernet and PoE test equipment across all of our locations and even developed our own test equipment where devices did not exist on the market. 6. We’ve set our sights on being the number 1 network provider of choice and want to be seen as synonymous with industrial transmission for #IPCCTV, as well as being the main source of ethernet transmission products. And over the next few months, we hope to go into all of the above areas of progress in more detail, so watch this space! #iptransmission #ipvideo #madeintheuk #britishmade #builttolast Here's a photo of the AMG Team outside our new distribution hub & offices in Castleford, West Yorkshire:
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Interesting article on a fascinating topic. Thanks, Brittain Ladd for posting. There are several important lessons in this story. The rise and fall of brands such as Under Armour is a common phenomenon, and it underscores a number of things that cause brands to lose their way. I've watched their slide. It's been interesting, sad, and frustrating to watch, but not surprising because, in the end, it's a story about a business that lost track of some fundamentals. Here's what I think is important. (Not an exhaustive list, but an important list.) 1) Staying relevant to your customers. 2) Developing good quality products that fill a need and offer good value. 3) Providing good customer service. 4) Offering an enjoyable purchase experience across all your channels. 5) Being profitable while you're doing these things, and 6) For companies like Under Armour - Having a long-term growth strategy that carries you through the "fad brand" phase into being a stable player as an established brand - perhaps the area where they've missed the boat most significantly. Finally, it's critical to build a capable leadership team and corporate culture that understands and is dedicated to these things and is a positive place to work - led by someone who knows how to do this by virtue of vision, temperament, experience, and skill set. Otherwise, you go from being a profitable, high growth, noteworthy brand to an outlet store brand to just another brand on the trash heap. Under Armour needs to rebuild its team and business around these things, if it's not too late. Starting from nowhere and becoming a significant player might actually be easier than resurrecting a fallen brand that had it and lost it. Watching this drama closely to see what happens next. #leadership #corporatestrategy #corporateculture #turnarounds
E-Commerce l Supply Chain and Logistics Executive l Parcel and Last Mile Delivery Expert l Strategy Consulting l M&A l Robotics and Automation l Fulfillment l Business Analyst
WALKING THE PLANK Under Armour, founded by CEO Kevin Plank in 1996, is in a world of hurt. The company that at one time was considered to be a legitimate threat to Nike by some analysts, is now fighting its biggest battle - a fight to remain relevant. Under Armour's share price has plunged 87% since its 2015 record. The stock is currently $6.84 as I write this post. The company's market cap stands at an anemic $2.90B, versus $42.3B for Lululemon and $138B for Nike Two competitors, On and HOKA, have taken market share due to their focus on innovation and story telling. Smaller brands like Rhoback, and AsWeMove (my favorite brand), are also gaining traction. Note to Kevin Plank: Explore an acquisition of AsWeMove. All appeared to be under control at Under Armour in December 2021, when Plank announced he was stepping down as CEO. Who did Plank choose to take over the CEO role at the company? Stephanie Linnartz of Marriott. I wrote the following in a post on the day Linnartz was named CEO: “Kevin Plank just put Under Armour on the path to mediocrity. At a time when the company is facing increased competition, Plank chose to name an individual with no sports, apparel, or retail experience as CEO. This experiment will end quickly and badly.” It did. Plank returned as CEO in early 2024. In an attempt to right the ship, Plank has announced a “restructuring” of operations, and layoffs of corporate personnel and external consultants. A culture of mediocrity has developed at Under Armour. A truism in business is this: Companies that must rely on consultants to get things done, can’t rely on their executives for anything. Fact. Plank must clean house and terminate the executives and managers that don’t have the skills, leadership and business acumen to take the company to another level. Another truism in business is this: Don’t go nose to nose with a competitor. Hit em’ where they ain’t. Stated another way, Under Armour can no longer compete against Nike, Lululemon and the other competitors taking market share. In my opinion, Under Armour must pivot and do the following: 1. GLP-1 drugs (Mounjaro, Ozempic, Wegovy, Cagrisema, Rybelsus) are expected to generate $100B in sales by 2030. 2. Patients who take GLP-1 lose weight. They also lose muscle. Under Armour should partner with Eli Lilly and Company and/or Novo Nordisk, to introduce legal steroids (Boldenone, Primobolan, Trenbolone, etc.) This is a $20B opportunity. 3. Under Armour should design and sell apparel and shoes specific to the needs of GLP-1 patients that struggle to find athletic and athleisure apparel to meet their needs. Give them an identity. 4. Under Armour should partner with ICON Meals (or other meal companies) to design GLP-1 specific meals but brand them as “Under Armour Power Meals.” 5. Hire Jake Gyllenhaal as the face of UA. He is the ideal spokesman for UA. Under Armour must THINK BIG. If they don’t they will lose all relevance. #retail #glp1
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🇩🇪‼️🚨 The Mercedes Star is dying. The manufacturer of the Mercedes-Benz emblem has filed for bankruptcy due to the crisis in the European auto industry. The agency writes that the auto parts manufacturer from the Daimler supply chain, Gerhardi Kunststofftechnik GmbH, has also laid off 1,500 employees in Germany. Gerhardi was founded in 1796 and began with the production of metal products. Later, it became a supplier of grilles, handles and chrome trims for the Mercedes-Benz Group.
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